Why $XRP Is Up Today: Brazil Approves XRP ETF, Sparks Bullish Rally

Table Of Contents

XRP Price Rally: What's Driving the Surge?
Main Drivers of XRP's Price Rally
Can XRP Reach $10? Price Projections for 2025 and Beyond
Will XRP Keep Climbing or Experience a Pullback?

XRP Price Rally: What’s Driving the Surge?

XRP is causing a stir in the market, with a huge price surge. At $2.69, XRP has increased by 5.17% in one day and 9.87% in the last week. With a market capitalization of $155.67 billion and a 24-hour trading volume of $5.41 billion, investor demand for XRP is on the rise.

This rally is bringing XRP closer to its all-time high of $3.84, achieved on January 4, 2018, but still way above its lowest value of $0.002802, achieved on July 7, 2014.

Main Drivers of XRP’s Price Rally

Brazil Approves First Spot XRP ETF

One of the primary drivers of the current XRP price surge is the approval of the world’s first-ever spot XRP ETF in Brazil. The Brazilian Securities and Exchange Commission has approved the Hashdex Nasdaq XRP Index Fund, which will soon be listed on the nation’s B3 stock exchange. Despite no confirmation on the official launch date, this approval has boosted investor confidence and solidified XRP’s bull run.

SEC Considers Spot XRP ETFs in the U.S.

The U.S. Securities and Exchange Commission (SEC) is also considering applications for exchange-traded funds based on XRP. Large companies like CoinShares and 21Shares have already filed proposals, with the SEC opening a 21-day public comment period for consideration. Other financial institutions, such as WisdomTree and Bitwise, are also applying to list XRP ETFs on Nasdaq and Cboe exchanges. If successful, these would further fuel the growth of XRP.

Analyst Projections of XRP ETF Approval

Senior ETF analysts like James Seyffart and Eric Balchunas have indicated that there is a 65% chance of an XRP ETF being approved in the U.S. by October 2025. This optimism has helped sustain the rally, drawing additional investors to the token.

Can XRP Reach $10? Price Projections for 2025 and Beyond

Although XRP is in a bullish trend, technical indicators show possible short-term corrections. The TD Sequential indicator, which measures trend exhaustion, recently^q posted a sell alert when XRP corrected 11% to $2.78. The price currently has retreated somewhat to $2.6925.

Future Price Predictions for XRP

✅ 2025 Prediction: Analysts predict XRP to range from $3 to $5.40, with the most optimistic estimates reaching $5.40.
✅ 2030 Prediction: Long-term estimates vary from $8.37 to $10, based on market acceptance and regulatory transparency.

Will XRP Keep Climbing or Experience a Pullback?

Most investors are wondering if XRP will fall again or continue its bullish trend. SEC decisions, general market trends, and institutional adoption will be key. If XRP gets ETF approvals in major markets and the current SEC lawsuit comes to a positive conclusion, the token may experience significant growth in the next few years.

For the time being, Brazil’s approval of its XRP ETF and favorable regulatory talks are two major reasons behind XRP rising today.