Key Insights:
- XRP nears $2.62 resistance amid ETF speculation and SEC regulatory discussions.
- SEC’s potential XRP commodity classification could accelerate ETF approval prospects.
Ripple (XRP) price action has gained market attention as it surged more than 6% this week. At press time, XRP USD was trading at $2.35, noting an intraday rise of over 0.30%.
Its market cap soared to $136.51 Billion and ranked 4th in the overall market. The developments on Ripple’s talks with the US SEC and speculation about an XRP ETF drove this spike.
Regulatory Clarity and Influence on XRP Price
Regulatory discussions regarding XRP have intensified and become a major point of focus. Reports have shown that SEC officials have engaged in assessment activities. Lawmakers are debating XRP’s regulatory standing under commodity rules like those related to BTC and ETH.
Such regulatory confirmation would resolve existing legal questions. This could pave the way for an XRP exchange-traded fund (ETF) to become feasible.
This regulatory decision would become a critical factor influencing the XRP price. It could also enable institutional asset managers to adopt XRP USD.
The approval of XRP ETFs is still pending, with the US SEC expected to make decisions by May 2025. ETF Institute co-founder Nate Geraci contributed to increased speculation. The experts forecast that BlackRock would release submission documents for Solana (SOL) and XRP ETFs.
Geraci predicted that BlackRock would not permit rivals to establish leadership over major non-stablecoin crypto assets.
XRP vs. SEC: Legal Battle Approaching Final Verdict
The ongoing legal dispute with the SEC directly influences the market direction of XRP regardless of its exchange-traded fund (ETF) prospect.
Ripple Labs is currently engaging in settlement talks with the regulatory agency. The resolution may define XRP’s regulatory framework in the market.
A district court issued a $125 Million fine against Ripple during a major change in the case in August. In a recent court ruling, the company received limitations that banned its ability to sell XRP to institutions.
The speculation about a definitive outcome has become more intense following these events. According to certain sources, the delayed conclusion stems from Ripple Labs’ efforts to obtain beneficial contract terms.
According to analyst projections, a settlement combined with the SEC commodity classification of XRP will likely trigger substantial market price appreciation.
The growing institutional interest indicates that traders expect XRP ETF approval from late Q3 through early Q4 of 2025.
The current market expectation measured by Polymarket data shows a 73% probability of this event occurring based on widespread market anticipation. XRP price movement will depend significantly on how regulatory negotiations progress.
XRP Price Prediction: Key Levels To Watch
A recent post by Ali Charts on X revealed that, XRP’s monthly chart data indicates a symmetrical triangle pattern breakout, which could hint a possible rally to $15.
Over the past seven days, XRP price surged more than 5% and was sustained above the $2. If it exceeds the $2.60 mark, XRP USD can see a breakout rally next and may retest the ATH trajectory soon.
However, a break below the $1.80 mark could see a panic selloff in the coming sessions.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
