XRP News Today: Why Is $XRP Going Up and Can It Hit $15 Soon?

By / / Crypto News, Daily News
XRP News Today: Why Is $XRP Going Up and Can It Hit $15 Soon?

Overview:
XRP is making headlines as its price surges, currently trading at $2.75, reflecting a 12.52% intraday gain. With a market cap of $159.36 billion and a 24-hour trading volume of $7.08 billion, investors are eager to understand why XRP is going up today and whether it could reach $10 or even $15 in the near future.

Table Of Contents
  1. Why Is XRP Going Up? Key Drivers Behind the Price Surge

Why Is XRP Going Up? Key Drivers Behind the Price Surge

1. SEC Lawsuit Developments: A Turning Point?

The SEC’s ongoing meetings under the Sunshine Act have fueled speculation about a potential resolution in the Ripple lawsuit. This marks the third consecutive weekly session focused on injunctions, settlements, and enforcement actions.

🔹 Ripple’s Partial Legal Victory
In July 2023, a U.S. court ruled that XRP sales on exchanges are not securities, giving Ripple a significant legal win.

🔹 Potential SEC Appeal Withdrawal
Ripple has requested an April 16, 2025, deadline for its response, and reports suggest that the SEC may withdraw its appeal. If confirmed, this could clear the way for an XRP ETF and even a Ripple IPO, unlocking massive institutional interest.

🔹 SEC Leadership Shake-Up
Speculation is growing that Paul Atkins may replace Gary Gensler as SEC Chairman under a new U.S. administration. If this happens, further SEC actions against Ripple may be delayed or even dropped, further strengthening XRP’s bullish case.

2. XRP ETF Approval in Focus

One of the biggest drivers of XRP’s price rally is the growing anticipation of an XRP ETF. The SEC has acknowledged Grayscale’s application to convert its XRP Trust into an ETF, signaling progress in the approval process.

🔹 Why an XRP ETF Matters:
✅ Increased Institutional Adoption – A regulated9 XRP ETF would make it easier for hedge funds and institutional investors to enter the market.
✅ Enhanced Market Liquidity – ETFs often lead to higher trading volumes, stabilizing price movements.
✅ Mainstream Validation – The approval of Bitcoin and Ethereum ETFs set a precedent, increasing the likelihood of an XRP ETF approval.

While the official approval date remains uncertain, market sentiment remains overwhelminglyq bullish on the prospects of an XRP ETF.

3. XRP Price Prediction: Can It Reach $10 or $15?

XRP’s current rally has analysts revising their price targets.

📈 Technical Analysis:
🔹 XRP/USDT on Binance is trading at $2.7349, up 5.72%, forming an ascending parallel channel.
🔹 Resistance levels are expected around $3.00-$3.20, with further upside potential toward $3.60-$3.80 if bullish momentum continues.

Crypto analyst Ali Martinez suggests that XRP has broken out of a symmetrical triangle, predicting a potential rally toward $15.

4. Will XRP Hit $10 or Even $15?

Several factors indicate that XRP could achieve double-digit pricing in this bull cycle:

🚀 Institutional Adoption – Ripple’s growing role in cross-border payments makes it an attractive alternative to SWIFT.
🚀 Regulatory Clarity – A final SEC settlement would boost confidence in XRP and open doors for spot ETFs.
🚀 High-Speed, Low-Cost Transactions – XRP’s transaction efficiency makes it a strong competitor in global payments.

Some analysts suggest that if the bull market extends and institutional interest grows, XRP could reach $110 in the long term. However, short-term targets of $10 to $15 remain more realistic based on current market trends.

Final Thoughts: Is XRP a Good Buy Now?

With SEC developments, ETF approval speculation, and strong market momentum, XRP remains one of the most promising assets in the current crypto landscape. While price predictions remain speculative, the overall sentiment is bullish, and any further regulatory clarity could send XRP soaring past $10.

Also Check:

Scroll to Top