$XRP has seen its price rise above $2.12 as investors grow more confident that an XRP-backed Exchange-Traded Fund (ETF) could soon be approved. This comes while Ripple Labs and the SEC continue their legal battle. On April 10, both sides agreed to pause further court appeals, signaling a possible resolution.
Ripple’s CEO, Brad Garlinghouse, said they’ve reached a deal with SEC staff, but the final decision still depends on a vote by the commission, now led by crypto-friendly Chair Paul Atkins. Many believe this leadership change could lead to the case being dropped entirely.
The excitement around a potential XRP ETF, along with signs of regulatory support, is driving optimism in the market. Analysts say XRP could reach $3.55, and even hit $4 if the ETF is approved and Ripple gets a favorable court outcome.
For investors, this could mark the start of a new chapter for XRP.
