XRP & Litecoin Price Prediction After ETF Approval
Several prominent firms have been entering the ETF market. Cryptocurrency exchange-traded funds (ETFs) have been gaining popularity. Most recently, prominent asset manager Grayscale filed an application with the U.S. Securities and Exchange Commission (SEC). The firm intends to convert its $16.1 million XRP trust into an ETF. Amid this, an ETF application that grabbed headlines was that of Litecoin (LTC). The real question is which cryptocurrency will get approval first.
XRP vs Litecoin: Which Asset Will Get Approval?
Considering the current government status, it is likely that both assets will receive a green light. According to a Bloomberg analyst, the chances of a Litecoin ETF getting SEC approval before Ripple’s XRP were higher. James Seyffart noted how the SEC continues to assert that XRP is a security, which could hinder cryptocurrency-based ETFs from receiving authorization. Additionally, he added that Ripple, the company that issues XRP, remains embroiled in a legal battle with the SEC. He added,
“There is more work that needs to be done on that front that doesn’t need to happen with something like Litecoin. The SEC has never called Litecoin a security, so I wouldn’t be surprised if you see Litecoin get there first.”
Price Prediction
Litecoin was trading at $95.14 at the time of writing. The asset experienced an 18.71% drop in the last 24 hours. According to data from CoinCodex, LTC is expected to trade at a maximum price of $218 in 2025. The asset will experience a 130% increase from its current price level. This is expected to happen in May.
Meanwhile, XRP was trading at $2.30 at the time of writing. This comes after a massive 21% drop over the last day. CoinCodex's prediction reveals that XRP will have a high price of $4.06 after a 74% increase from its current price. This is expected to happen in April.#USBitcoinReserves ##AICrashOrComeback $BTC #USJoblessClaimsRise
