XRP ETF Gains Momentum: A New Era for Ripple?
The cryptocurrency market is buzzing with excitement as XRP gains significant momentum, fueled by speculation about a potential #xrp ETF approval by the U.S. Securities and Exchange Commission (SEC). With Donald Trump’s election victory signaling a possible shift toward pro-crypto regulations, investor sentiment around XRP has turned increasingly bullish.
$XRP ETF Approval: A Game-Changer?
- The SEC recently acknowledged XRP ETF filings from 21Shares, adding to the excitement in the market.
- Grayscale’s Dogecoin and XRP ETF filings were also acknowledged earlier this week, hinting at a major regulatory shift under the new administration.
- Many analysts believe that an approved XRP ETF would significantly boost adoption and attract institutional investment, pushing XRP into a new growth phase.
🚩U.S. Reserve Speculation: Could XRP Be Included?
- Rumors are swirling that the U.S. is considering a Crypto Strategic Reserve , potentially including XRP alongside Bitcoin.
- Some experts believe Donald Trump’s ties with Ripple could play a role in XRP’s inclusion as a reserve asset.
- XRP community members speculate that for XRP to qualify, it must first reach a price level of $5 or higher.
🏳️ Ripple vs. SEC Lawsuit: Settlement Incoming?
- Legal experts suggest that the SEC may drop the lawsuit against Ripple before an XRP ETF is officially approved.
- Recently, the SEC requested a 28-day extension in its case against Coinbase, citing its new crypto task force.
- Many believe this is a sign of changing regulatory priorities, with a settlement or dismissal of the XRP case likely in the near future.
🏳️ XRP Price Prediction: How High Can It Go?
Top analyst Dark Defender has set ambitious price targets for XRP:
✅ Short-term targets: $2.90, $5.85, and $8.03
✅ Current resistance: $2.80 to $2.90
✅ Support levels: $2.44 and $2.33
✅ Bullish indicator:Golden Cross formation in the Relative Strength Index (RSI)
