XRP Surges 7% in 7 Days as SEC Reviews ETF, Hits $2.55

XRP has been connected a tear, surging astir 7% successful a week arsenic excitement grows implicit a imaginable XRP ETF. It’s presently priced astatine $2.55, with a marketplace headdress of $146.21 billion, portion trading measurement has spiked 10% successful the past 24 hours to $5.15 billion.

Source: CoinMarketCap

The marketplace is buzzing, and investors are locking successful arsenic speculation grows that the SEC mightiness yet beryllium coming astir connected crypto ETFs.

The large quality came connected February 13, erstwhile the SEC officially acknowledged Grayscale’s applications for spot XRP and Dogecoin ETFs. This kicked disconnected a 240-day reappraisal process, meaning we could spot a last determination by mid-October. Once these filings are entered into the Federal Register, the countdown begins. Many spot this arsenic a motion that the SEC mightiness beryllium softening its stance connected crypto, which has lone added substance to the fire.

Traders aren’t wasting immoderate clip betting connected the outcome. The Polymarket prediction marketplace present has the likelihood of a Ripple ETF support successful 2025 astatine 78%, showing conscionable however assured radical are. Analysts are throwing astir large numbers, with immoderate saying XRP could deed $8 if an ETF gets the greenish light. While that’s inactive speculation, XRP’s momentum is undeniable.

But not everyone is celebrating. Edoardo Farina, laminitis of Alpha Lions Academy, pointed retired a increasing problem, galore investors mightiness get priced retired arsenic XRP keeps climbing. 

Right now, you request 2,500 XRP (around $6,500) to beryllium successful the apical 10% of holders. A fewer months ago, that fig was 3,000 XRP for conscionable $1,500. The accelerated terms leap is making it tougher for smaller investors to enactment successful the game.

Farina believes that if XRP continues to rise, up to 95% of existent holders mightiness conflict to clasp onto their tokens. However, with marketplace volatility and fiscal pressures, not everyone volition beryllium capable to clasp on. With ETF speculation gaining traction and XRP maintaining beardown momentum, the coming months could beryllium a turning point.