The Ripple (XRP) community waits for SEC approval for XRP ETF in 2025, as the holders wonder whether the token may reach $ 10. The XRP value of a double digit will lead to ripple to cross the atherium from the price and emerge as the second largest crypto. However, is this price target realistic, and if a spot ETF is approved tomorrow, how long will the XRP take to reach $ 10?
How Spot ETF approval will affect XRP price
If SEC approves a spot XRP ETF tomorrow, it will trigger a bull run for the Ripple’s XRP tokens that can push it to $ 10. This is because Ripple will probably copy what happened Spot bitcoin ETF By having a first-lover benefit in the form of the first USA-built altcoin on Wall Street. This will run enough capital flow and speed speed to push the tokens to fresh height.
During the first two months of trading, the spot bitcoin ETF attracted a 55% increase in the price of BTC during this period with a 55% increase in a flow of $ 6.4 billion. If an XRP ETF follows the same pattern after the SEC acceptance tomorrow, the price can increase from $ 2.51 to $ 3.90 within the first two months.
Coingpe also told earlier that JPMorgan estimates that there is a flow of $ 8 billion To XRP ETFS. Experts stated that the XRP value can reach $ 15, using these flow estimates with the market cap multiplier principle.
The above analysis suggests that XRP can easily reach $ 10 if SEC greenlighted XRP ETF yesterday. This boom will give ripple a market cap of $ 589 billion, making it the largest Altcoin.
Meanwhile, the possibility of XRP ETF approval is soon arising as SEC has ended its case against Ripple. Bloomberg analyzer note 85% of approval is likely, while on polymercate, the possibility of approval has increased to a record high level of 80%.
According to these estimates, it is likely that SEC will soon say yes to a spot XRP ETF at any time, and once it happens, XRP price forecast The target of $ 10 will be confirmed.
Bull flag shows that a target of $ 10 is possible
Traders should estimate a large -scale brakeout for the XRP value in the near period, which is possible once the XRP ETF is possible after starting a business in the US. Ripple’s technical approach supports the possibility of such a profit, after creating a bull flag pattern, Q4 consolves the price after the 5X rally between 2024 and January 2025.
The height of the flag pole suggests that between October 2024 and 13 January, XRP held a rally of 518%, and if it could break from resistance to the flag and register a similar rally, it will go as high as $ 17.
The weekly RSI is already growing, and the value of 57 suggests that a speeding speed is in the game, making it possible to breakout from resistance to the flag. However, traders should look out for the downward ADX line that shows that a weak trend is in the game, and it can prevent a strong upwards brakeout to the XRP price.
Summary
The XRP is attracting a lot of attention with the ETF Wall Street veterans to estimate a section of $ 8 billion as Bloomberg shares approval for 85% approval before the October deadline. The new SEC Chair, Paul Atkins, is already making a Pro-Crypto Moves, and if a spot ripple ETF gets approval tomorrow, the XRP value can easily shoot $ 10 last, as is seen in the bull flag on the weekly chart.
Frequently asked questions (FAQs)
The price of XRP can easily reach $ 10 if a spot XRP ETF is approved tomorrow. Experts noted that an estimated $ 8 billion flows by JP Morgan would increase the price of ripple to $ 15, while a bull flag pattern tease the brakeout of up to $ 17.
JPMORGAN estimates the XRP ETF, attracting $ 8 billion into the inflow. Meanwhile, if the products attract the same demand as bitcoin, the inflows in the first two months can overtake $ 6.4 billion.
Traders should place themselves for a significant benefit of a spot XRP ETF approval. Altcoin can easily increase by 5X from its current price.
Muthoni
Muthoni Mary is an experienced crypto market analyst and writer, who has an experience over three years, dissecting blockchain trends, price movements and market dynamics. With a sharp look for technical analysis and intense understanding of on-chain matrix, she provides practical, data-powered materials that help investors navigate the world with a fast book of digital assets.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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