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XRP Could Hit $10 if ETFs Approved - But What Are the Odds?
Feb 18, 2025
February 18, 2025 – Analysts are speculating that if the SEC approves a spot XRP exchange-traded fund (ETF), the price of XRP could skyrocket to as high as $10. Bloomberg analysts have given the spot XRP ETF a 65% chance of approval, although the approval is not guaranteed, given Ripple’s ongoing legal battles with the SEC. If the ETF is approved, XRP’s price could potentially range between $3 and $10, though analysts expect significant price fluctuations post-approval.
Despite the SEC’s formal acknowledgment of filings for a spot XRP ETF being a positive development, the approval process remains uncertain. Bloomberg ETF analysts James Seyffart and Eric Balchunas have expressed skepticism, noting that Ripple’s legal issues with the SEC are a significant hurdle. The SEC has until October 2025 to make a final decision, but analysts believe the approval process may hinge on resolving Ripple’s ongoing legal issues regarding XRP’s classification.
Ripple’s legal struggles began when the SEC filed charges alleging that XRP was sold as an unregistered security. While Ripple won a partial victory in 2023, when a U.S. District Judge ruled that XRP is not a security when sold to retail investors, the SEC’s appeal of that ruling has kept the issue unresolved. Analysts argue that approval of an XRP ETF could increase demand and liquidity for XRP, potentially boosting its price, but approval is likely contingent on a favorable resolution of the legal battles.
The shift in the SEC’s leadership under President Trump has generated hope within the crypto community, as the SEC has shown a more flexible approach to regulation. George Georgiades, general counsel at Borderless.xyz, expressed optimism about a favorable resolution in the near future. However, some experts, like Orest Gavryliak, believe the 65% approval chance cited by Bloomberg may be overly optimistic, given the SEC’s historical reluctance to approve ETFs amid ongoing litigation.
Despite the uncertainty surrounding the XRP ETF, the price of XRP has seen significant growth since Trump’s election victory, climbing from $0.54 to $2.67 in a few months. Analysts expect continued growth, with prices potentially reaching $3 to $10 or higher if the ETF is approved, although volatility may follow, similar to other cryptocurrencies in similar situations.
The push for altcoin ETFs follows the approval of Bitcoin and Ethereum ETFs in 2024, which have attracted substantial institutional and retail investment. The approval of these ETFs has been a significant milestone for the crypto industry, and XRP’s potential inclusion in this trend could mark a new chapter for the cryptocurrency market.
For the full article, please visit Crypto News.
