XRP Poised for Bullish Surge in 2025 with Potential ETF Approval and Lawsuit Closure
XRP has been on a tear since the start of the year, soaring by over 70%, with its price reaching a 7-year high.
This surge is linked to growing optimism around the Ripple vs. SEC case, particularly after Donald Trump’s inauguration. A more recent boost came when the SEC acknowledged Grayscale’s filing for a spot XRP ETF, further fueling expectations for a price rally.
The potential approval of the XRP ETF in 2025 has many analysts speculating about XRP’s future performance, with some anticipating a new all-time high (ATH). The recent uptick in buying pressure briefly pushed the price above $2.50, but market reactions have been more cautious, seeing the SEC’s acknowledgment as a promising signal rather than a game-changer. Alongside XRP, Dogecoin’s ETF filing was also recognized, but its price remains stagnant.
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Despite the positive sentiment, technical indicators offer a mixed outlook. XRP’s price has broken out of a rising wedge but is testing support levels, with the possibility of a U-shaped recovery. While the MACD suggests a continuation of the bullish trend, some indicators point to potential selling pressure. The volume drop adds to concerns, suggesting that further gains could be slow without a renewed buying wave, particularly if the price can break resistance at $2.80.
Whale movements are also making waves, with over $430 million in XRP shifting hands. While these large transactions don’t always lead to immediate price changes, they tend to indicate a shift in market sentiment. With the XRP ETF approval looking increasingly likely and the lawsuit nearing a resolution, many are eyeing a strong rally in 2025, with XRP potentially surging past $4 and aiming for $5 later in the year.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
