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Ripple CEO Speaks Out : What’s Next for XRP?

Jonathan Carls by Jonathan Carls
February 17, 2025
in Binance Feed, Market
Reading Time: 4 mins read
Ripple CEO Speaks Out : What’s Next for XRP?
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  • SEC’s XRP ETF acknowledgment signals a potential shift in crypto regulations.
  • XRP’s price surge reflects growing optimism for ETF approval and market adoption.
  • Analysts predict XRP could rally to $3.35 if key resistance levels are breached.

Ripple Labs CEO Brad Garlinghouse expressed confidence following the SEC’s recent acknowledgment of an XRP exchange-traded fund (ETF) filing. The recognition signals a potential shift in regulatory stance, as fund managers push for additional cryptocurrency ETFs. With Bitcoin and Ethereum spot ETFs already in circulation, industry players are now looking to expand investment opportunities to other digital assets, including XRP, Solana, and Litecoin.

I recall pointing out – more than once – that this was inevitable. (despite some vocal assertions to the contrary!)

— Brad Garlinghouse (@bgarlinghouse) February 13, 2025

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SEC Acknowledges XRP ETF Filing

The SEC’s acknowledgment of Grayscale and the New York Stock Exchange’s filing initiates a 240-day review period. This follows a similar move for Solana earlier in February, as institutions seek broader exposure to crypto-based funds. Experts such as Bloomberg’s James Seyffart and Eric Balchunas suggest that approval for these ETFs is now more probable than before.

Despite the ongoing legal battle between Ripple Labs and the SEC, analysts believe the regulator’s approach to digital assets is evolving. Some predict the case may be dropped under the current administration, potentially opening the door for more crypto ETF approvals. The recent acknowledgment of XRP’s ETF application is viewed as an important step toward mainstream financial adoption.

XRP’s Market Performance and ETF Hype

XRP has maintained its position among the top ten cryptocurrencies by market capitalization. However, its price performance has been inconsistent. The momentum shifted in late 2024 after increased interest in a spot ETF, particularly after Donald Trump’s election victory. With growing optimism, XRP’s market activity surged, reflecting broader investor interest in regulated crypto investment vehicles.

At press time, XRP is priced at $2.68, reflecting an 11.82% gain over the past week, despite a 3.82% decline in the last 24 hours. The cryptocurrency’s market capitalization currently stands at $154.85 billion, with a circulating supply of 58 billion XRP. Analysts argue that a successful ETF approval could drive further institutional interest, boosting liquidity and price action.

Analysts Predict a Strong Rally

Market analysts remain optimistic about XRP’s price trajectory. Dark Defender predicts that reclaiming the $2.7740 level could trigger a rally toward $3. If the current resistance zone is breached, the asset could potentially aim for double-digit price levels.

Hello all. #XRP is trying to claim the $2.7740 level. If successful, then $3 will be in play.

Breaking this channel heralds 2 Digits levels first!

Enjoy your Sunday!#XRPCommunity #XRPArmy, #Ripple pic.twitter.com/n3r7F5Nfst

— Dark Defender (@DefendDark) February 16, 2025

Additionally, Ali Martinez highlights a cup-and-handle pattern forming on XRP’s chart, indicating a potential breakout to $3.35. Meanwhile, comparisons between XRP and Ethereum’s performance suggest growing market dominance for Ripple’s token. Dark Defender points out that between September 2023 and January 2025, XRP surged by 564%, while Ethereum gained only 80%.

Tags: Ripple (XRP) News

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