1. Home
  2. /News
  3. /XRP Eyes $8 Surge as SEC Inches Closer to Crucial ETF Decision

XRP Eyes $8 Surge as SEC Inches Closer to Crucial ETF Decision

Arslan Butt•Friday, February 14, 2025•2 min read

XRP’s price is making headlines, with analysts predicting a run to $8 – potentially a new all-time high.

This is as speculation grows that the US Securities and Exchange Commission (SEC) will approve XRP exchange-traded fund (ETF) applications.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

Crypto analyst Dark Defender reiterated this view, saying XRP’s market structure has been consistent for 18 months. He pointed out that XRP has been on a predictable path and that the Fibonacci retracement levels support a move to $8. Key resistance levels are at $5.85 and $8.76. XRP previously touched $1.88 and is now using that as a support, so it’s a solid base for further gains.

Just focus on the long term not the short term. If the SEC approves XRP ETFs, there will be an influx of institutional money and prices will go up.

XRP/USD Technical Indicators Signal Bullish Momentum

Crypto analyst Egrag Crypto also made a strong case for XRP. His analysis shows multiple technical indicators pointing to a big breakout:

  • Ascending Channel: XRP is above the blue ascending channel, strong momentum.

  • Stochastic RSI Breakout: Daily Stochastic RSI is about to break above 20, which is a bullish signal.

  • Wave Trend Indicator: Bullish crossover.

  • On-Balance-Volume (OBV): OBV is rising, buying pressure and big move.

All these indicators say XRP is about to rally, analysts are confident $8 range May to September.

Long-Term Forecast: XRP to $13 and Beyond?

Beyond the short term $8 target, some analysts think XRP could go even higher. Egrag Crypto recently predicted XRP could go to $13 this cycle. Further out, he thinks XRP could go to $110 in the next big bull cycle if adoption and regulatory clarity continues.

XRP Price Chart - Source: Tradingview
XRP Price Chart – Source: Tradingview

An XRP ETF approval would be a big deal, similar to how Bitcoin ETFs have driven institutional demand. If the SEC approves these ETFs soon, XRP could be on the verge of a big rally that will revalue its long term.

As we wait for regulatory decisions, we watch XRP’s price. With all technical and fundamentals in place, we wait for the next big move.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
img
SEC Moves Forward with Grayscale's XRP ETF Review – What’s Next?
6 hours ago
img
Gold Price Forecast: Big Moves Ahead as Fed, Trump & PMI Take Center Stage
6 hours ago
img
SEC Accepts 21Shares Spot XRP ETF
11 hours ago
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Add 3442

Add 3440