crypto.news 2025-04-29 14:38:03

Can XRP price rise to $5 if the SEC approves Ripple ETFs?

The Ripple price has remained steady this week, hovering at its highest level in over a month after surging by 40% from its lowest point of the year. Ripple ( XRP ) XRP was trading at $2.27 on Monday, giving it a market cap of $136 billion, and solidifying its position as the fourth-largest cryptocurrency by market value. Several catalysts could drive XRP’s price higher this year, including its expanding role in the financial services industry and the potential approval of an exchange-traded fund. According to Brad Garlinghouse , CEO of Ripple Labs, the company is aggressively expanding its banking partnerships following the conclusion of its SEC case. Ripple aims to disrupt a global payments system long dominated by SWIFT. Another major catalyst is the potential approval of spot-based XRP ETFs. The SEC has already acknowledged applications from companies such as Bitwise, 21Shares, Franklin Templeton, and WisdomTree. You might also like: PI Network faces mounting sell pressure as future token unlocks weigh on price The agency has also recently approved futures-based XRP ETFs by firms like ProShares and Teucrium, increasing the likelihood that spot-based funds could soon follow. Polymarket data shows that the odds of Ripple ETF approvals have risen to 78%. Most importantly, JPMorgan analysts anticipate that these funds will attract over $8 billion in inflows in the first year. If this forecast is accurate, it means that XRP funds will surpass those of Ethereum ( ETH ), which has experienced net inflows of only $2.5 billion. There are early signs that XRP ETFs will have demand. The recently launched Teucrium 2x Long Daily XRP ETF has attracted over $54 million in assets in less than a month. XRP price technical analysis: Can it hit $5? XRP price chart | Source: crypto.news The daily chart shows that XRP has recovered sharply in recent weeks, rallying from a low of $1.60 earlier this month to a current level of $2.355. Price has broken above the upper side of a falling wedge pattern, typically a bullish reversal signal. The Relative Strength Index has continued rising and recently crossed above the neutral 50 level, signaling strengthening momentum. Additionally, XRP is now trading above both the 50-day and 100-day moving averages, reinforcing the bullish outlook. Therefore, the coin will likely continue rising as bulls target the psychological resistance level at $3. A move above this threshold would invalidate the head-and-shoulders pattern outlined in blue on the chart. Looking further ahead, XRP could surge past its year-to-date high of $3.40 following potential XRP ETF approvals. This could pave the way for a rally toward the next major psychological target at $5. You might also like: SEI price targets $0.40 as anticipation builds for staked SEI ETF

Наиболее читаемые новости

Ethereum Just Flashed a Rare Signal: What Hap...
2026-04-04
Crypto Capital Inflows Plunge in Early 2026
2026-04-04
ZachXBT’s Circle Files: USDC’s Biggest Compli...
2026-04-04
Over 20 Crypto Projects Shut Down in Q1 2026
2026-04-04
Can BNB Reach $3,000? While A New Crypto Give...
2026-04-04
Bitcoin Price Analysis As Spot BTC ETFs Post...
2026-04-04
Trump’s Jobs Report Update vs. Bitcoin’s Wors...
2026-04-04
FDIC Stablecoin Meeting April 7: GENIUS Act a...
2026-04-04

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения