#XRP

The increasing demand for using XRP as a means of cross-border payment has caused market confidence in this crypto coin to become stronger. This factor can drive the price of XRP to higher levels.

In fact, the latest news released that investment company CoinShares submitted an ETF proposal for XRP to NASDAQ. If this ETF is approved, demand for XRP could increase drastically, as happened for Bitcoin after its ETF was approved.

However, we also know that currently Ripple Labs is still facing a lawsuit from the United States Securities and Exchange Commission (SEC), which is hampering the development of XRP. However, the situation began to change after Gary Gensler, the former SEC chairman who was known to be against crypto, resigned.

The latest news regarding this case is that the SEC and Binance agreed to request a 60-day delay in their case. Crypto market observers argue that this delay is a signal of a softer regulatory approach towards the crypto industry, especially in the United States.

XRP has experienced a price spike since November 2024. Coinciding with the US Presidential Election, XRP was still trading at US$ 0.5. However, in just two months, the value rose to US$ 3.32 in January 2025 (540%} percent.

However, in early February 2025, the announcement of President Donald Trump's import tariff policy triggered an extraordinary sell-off on crypto exchanges. In fact, the price of XRP fell to US$ 1.8, before finally returning to stability at US$ 2.4 in mid-February this year.

Currently, investors' attention is focused on the XRP ETF filing and the Ripple versus SEC case. If the XRP ETF is approved and Ripple wins the SEC lawsuit, crypto analysts predict that the price of XRP could rise to US$ 10, equivalent to an increase of 300% in 2025.