Key Takeaways
- If XRP’s price breaks above the minor resistance of $2.3, it could continue a bullish rally to $3.
- The U.S. SEC approves the first XRP ETF as institutional investors’ interest heightens, sparking speculation about a $50 target.
- Brad Garlinghouse believes XRP has all the potential to challenge Bitcoin in an interview.
XRP price prediction for the new week is beginning to heat up to the upside following a recent price breakout on the daily timeframe from a bearish to a bullish price action. The XRP token is gaining more popularity, similar to the late months of 2024, leading to an impressive 500% rally for XRP.
The recent acquisition of the $1.25 billion Hidden Road brokerage firm, the CME Group’s futures trading launch, and the most interesting story, the first approval of XRP ETF (Exchange-traded fund) in the U.S., allowing more investors to have exposure to XRP.
The news that the U.S. SEC is approving the XRP ETF is big news for the XRP ecosystem. This follows years of tussle over the XRP lawsuit, which has dragged its price to low points in the past five years or more. With the lawsuit being put to rest and exposure of this unique crypto asset to traditional finance and investors, traders and investors believe XRP has the potential for a major run in this bull market.
Market Sentiment Around XRP
The market is looking bullish for the cryptocurrency space and for XRP following news of big banks buying into XRP and gaining exposure. This crypto asset possesses a strong use case in the currency bull market.
Crypto experts and investors are betting big on XRP as speculation hints at a possible flipping of ETH. Although this speculation sounds too good to be true, we cannot write off the potential of XRP. XRP CEO Brad Garlinghouse, in a recent interview, believes XRP has the potential to become the next Bitcoin in the next few years to come.
The XRP price has shown some strong price action in the mix of recent fundamental news that could affect its price to the upside. What are the expectations for the XRP price for the week, and where could the price be headed?
XRP Price Prediction Today, Tomorrow, and Weekly
Source – XRP Price Prediction From TradingView
The price of XRP has broken out strongly from its bearish downtrend in the last few weeks. It traded towards $1.6 as the price aims for a rally above $2.5, with a potential rally towards $5.
Recent news could act as a catalyst for XRP to break out above $2.5, thereby initiating a strong bullish rally towards its new all-time high as traders, whales, and institutions gain more exposure to XRP. Current market sentiment is bullish, and the price could continue to rally higher above $3.
