The post Ripple Community Eagerly Awaits XRP ETF Approval appeared on BitcoinEthereumNews.com.

Excitement is surging within the Ripple community as discussions intensify around the long-awaited XRP ETF application submitted to the U.S. Securities and Exchange Commission (SEC). The potential green light from the SEC could have significant implications for XRP, particularly concerning its price dynamics and market demand. How Will an ETF Affect XRP’s Price? Market predictions indicate that the launch of an XRP ETF could lead to a considerable rise in its price. By reducing supply, such an ETF would likely prompt investors to accumulate XRP, creating upward pressure on prices. Analysts from Good Morning Crypto have characterized this potential ETF as a move that could significantly increase the scarcity of XRP. As scarcity enhances the token‘s attractiveness, a surge in interest coupled with reduced liquidity could trigger notable price spikes. Many in the community speculate that if these conditions are met, XRP might revisit previously set all-time highs. Can Regulatory Changes Boost XRP’s Standing? Recent regulatory updates in the U.S. may provide a positive boost for XRP. A shift in the SEC’s stance, potentially influenced by the Trump administration, could ease previous regulatory pressures. This change could solidify XRP’s legal status and expand its utility in various transactions. Clarity in regulations could lead to increased adoption of XRP as a payment method, directly impacting its demand. Establishing legal certainty alongside the ETF approval is vital for fostering trust among both retail and institutional participants. What Are the Predictions for XRP’s Price? Currently priced around $2, XRP is viewed as undervalued when compared to optimistic long-term projections. Analyst Brett suggests that the market structure and ETF influence could push XRP’s price to $10 in the near future, which he considers a realistic target given historical trends. Conversely, commentator Zach Rector presents an even more ambitious view, forecasting that ETF-related cash inflows…

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Filed under: News - @ April 19, 2025 9:09 pm