Ripple: How High Will XRP Go If The SEC Approves An ETF?

Ripple’s XRP token broke retired aft the fintech institution had a tiny triumph successful its ineligible conflict with the SEC. The justice agreed to seal documents containing accusation astir the company’s summary judgement motion. The triumph led to a tiny rally for XRP.

XRP’s terms is up 4.8% successful the play charts, 20.3% successful the 14-day charts, 2.6% successful the monthly charts, and 342.4% implicit the erstwhile year. Despite the rally, the plus is down by 0.5% successful the regular charts.

Source: CoinGecko

Also Read: XRP connected Edge: SEC Appeal Looms arsenic Ripple Countdown Hits Critical Stage?

Will XRP Rally Over The Next Few Days?

Source: Yahoo Finance

Ripple’s tiny triumph could pb to XRP entering a bullish phase. President-elect Donald Trump’s inauguration connected Jan. 20, 2025, could adhd further momentum to the asset. The fintech company’s CEO precocious had meal with Trump. The determination has led galore to judge that XRP could beryllium poised to marque monolithic gains this year.

XRP had an unthinkable twelvemonth successful 2024. Ripple had a partial triumph successful its suit with the SEC. The tribunal ruled that selling XRP to retail clients did not breach securities laws. XRP besides breached the $2 people for the archetypal clip successful astir 7 years.

Also Read: Top 3 Cryptocurrencies To Buy During The Current Market Dip

How High Will The Asset Go If The SEC Approves An ETF?

Financial instauration WisdomTree applied for a spot successful XRP ETF past year, which created important excitement wrong the crypto community.

An XRP ETF could pb to a important terms spike for the underlying asset. Bitcoin’s (BTC) terms went from astir $40,000 successful January to a caller all-time precocious of $73,000. BTC underwent an 82.5% rally aft its ETF approval.

Also Read: Bitcoin Bull Pennant: Analyst Predicts $140,000 Target After Breakout

Let america see that XRP undergoes a akin rally aft its ETF approval. In this scenario, XRP volition deed $4.61.

There is simply a anticipation that XRP volition not rally the aforesaid mode arsenic Bitcoin (BTC). Ethereum had an ETF motorboat past twelvemonth but the plus did not marque overmuch movement. XRP could endure a akin destiny to Ethereum (ETH).