Is a $10 XRP Possible? SEC Advances Grayscale’s ETF Proposal
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The SEC’s acknowledgment kickstarts a 240-day countdown to the final deadline for a decision in mid-October – Bolstering XRP price expectations for 2025.
The market has already taken to the news, sparking a 10.57% surge over the past 24 hours, backed by a 105% jump in trading volume to $8.5 billion.
While XRP has struggled with wider market stagnation throughout February, this breakout move could position it as a front-running altcoin this cycle.
XRP Price Analysis: Could an ETF Push Ripple to $10?
Regulatory eases appear to be front-loading XRP price forecasts this cycle.
U.S. Crypto Czar David Sachs’ recent comments claiming the crypto industry can have regulatory clarity within 6 months could see long-standing legal headwinds lifted for XRP.
While a $10 target remains distant, technical indicators suggest strong upside potential.
The XRP price appears to be dead-set on a breakout path with the symmetrical triangle pattern forming since the new year.
The Relative Strength Index (RSI) has broken above the neutral line after being stuck in bearish territory throughout February, a sign that buying pressure has returned.
The likes of which appear to have turned the tides in favor of the bulls with an impending MACD golden cross, with the MACD line on track to cross above the signal line.
Such moves often precede significant price upticks, and with bulls seizing control, the next leg up may be underway.
Given a decisive breakout occurs, the pattern sets a price target of $4.20, marking a 55% surge from current levels.
However, a successful retake of the immediate resistance at $2.73 will be required to confirm a breakout attempt.
This New ICO Could See a Better 2025
While the XRP price stands to see further tailwinds in 2025, its full potential hinges on regulatory changes that may take months to materialize.
In the meantime, presales have emerged as a popular strategy to hedge against recent market stagnation.
One standout is Best Wallet ($BEST), the latest innovation in self-custody solutions. Its currently running a presale for its new $BEST utility token, with almost $10 million raised so far.
This non-custodial wallet is already available on major platforms like Google Play and the App Store.
Best Wallet supports over 1,000 cryptocurrencies, utilizing Fireblocks MPC-CMP technology and featuring a staking aggregator to maximize yield opportunities.
The “Upcoming Tokens” feature, which highlights emerging crypto projects, has particularly caught investors’ attention with a reputation for providing high-gaining trading alpha.
To learn more about Best Wallet, follow its official X, Telegram, or visit the Best Wallet website.
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