How High Can XRP Price If XRP ETF Approved?

Bittime - XRP price has shown a positive trend in recent months, especially since Donald Trump's victory in the US elections. XRP even almost reached the ATH of $3.84 which was achieved 7 years ago. 

This makes investors even more optimistic about the possibility of an XRP ETF being approved. So, how high will the price of XRP go if an XRP ETF is approved? Read this article to find out the predictions!

Chances of XRP ETF Approval 

Discussions regarding an XRP ETF have been going on since the successful launch of Bitcoin and Ethereum ETFs, but the SEC vs Ripple case has become an obstacle. 

Conditions began to change with news of the resignation of SEC Chairman, Gary Gensler, and that he would be replaced by Paul Atkins, a figure who is considered more friendly towards crypto.

That way, the chances of ETF approval become greater. According to JPMorgan, if an XRP ETF is approved, funds entering the market could reach $4–8 billion in the first year.  

Read Also: XRP Price Prediction to Increase in 2025, Here's the Reason! 

Impact of XRP ETF Approval on XRP Price

If an XRP ETF is approved, several key factors are expected to drive XRP prices higher, such as:

1. Market Legitimacy: The approval of the ETF will provide official recognition of XRP as a legitimate asset in the eyes of regulators.

2. Increased Institutional Adoption: Large investors such as hedge funds and other financial institutions will find it easier to access XRP via ETFs.

3. Easier Retail Participation: ETFs provide a simpler way for retail investors to invest in XRP without having to purchase and hold the crypto asset directly.

In comparison, Bitcoin experienced a price jump of up to 60% when the first ETF was approved in 2021. Ethereum also recorded a 42% increase after its first ETF was launched in 2023. 

With this pattern, there is hope that the approval of an XRP ETF could trigger a significant increase in the price of XRP.

XRP ETF and Fundamental Ripple 

Beside the potential XRP ETF approval, Ripple has the advantage of supporting XRP price growth. 

Ripple's digital payments network leverages XRP for low-cost, high-speed international money transfers. This makes Ripple an attractive solution for various financial institutions.

Additionally, the launch of the RLUSD stablecoin which is fully backed by assets such as cash and government securities shows Ripple's innovation in supporting the crypto ecosystem. 

So, XRP ETF could be a game-changer for XRP prices, with significant growth opportunities. Support from Ripple's fundamentals, such as advanced technology and global partnerships, could also be a catalyst for XRP price increases.

Read Also: XRP Price Analysis is Stable Even though the Crypto Market is Crashing 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $3.16 according to Coinmarketcap. 

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Reference

Tech bullion, How High Can Ripple Go After XRP ETF Is Approved?, accessed January 22, 2025.

Forbes, What’s The Next Trigger For XRP Price?, accessed January 22, 2025.

Coinmarketcap, Coinmarketcap XRP Currency, accessed January 22, 2025.

Author: IPR