XRP Price Surges 8% as ETF Approval Odds Reach 71%
XRP Price Update
- XRP price increased by 8% in the last 24 hours, surpassing $3.30 for the first time since January 2018.
- Ripple's cryptocurrency has gained 60% in the first 17 days of 2025.
- Analyst Ali Martinez predicts a potential fivefold increase, targeting $15 based on a technical breakout from a symmetrical triangle pattern.
- Market sentiment is improving, boosting optimism about XRP's future performance.
XRP ETF Approval Prospects
- JPMorgan anticipates a spot XRP ETF approval in 2025, potentially attracting $4 to $6 billion in inflows during its first year.
- Polymarket indicates a 71% probability of XRP ETF approval this year.
- Ripple CEO Brad Garlinghouse believes an XRP ETF is “inevitable” due to growing institutional interest.
Outlook Beyond SEC Lawsuit
- Despite the SEC's appeal against a ruling affirming that XRP transactions are not investment contracts, investor optimism remains high.
- Analysts expect the Ripple lawsuit to resolve by the end of 2025, allowing focus on XRP adoption and utility.
- Garlinghouse noted positive market changes under the incoming Trump administration, citing favorable appointments.
Source: Ali Charts