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Cryptocurrency News Articles
XRP Poised for Meteoric Rally as XRP ETF Launch and Lawsuit Resolution Loom, Analyst Says
Feb 05, 2025 at 05:04 am
The outlook for altcoins appears grim relative to Bitcoin as a fresh trade war potentially exploding between the U.S. and its major trading
XRP might be set for a meteoric rally in 2025, according to one popular analyst. Two potential catalysts could be the launch of spot U.S.-listed XRP exchange-traded funds (ETFs) and the resolution of Ripple's legal battle with the Securities and Exchange Commission (SEC).
If spot XRP ETFs launch and perform similarly to Bitcoin ETFs, XRP could see a massive price increase. Several asset managers, including Bitwise, 21Shares, Canary Capital, WisdomTree, and Grayscale, have filed for XRP ETFs.
With President Donald Trump back in the Oval Office and pro-crypto acting SEC Chair Mark Uyeda at the helm, the approval of XRP ETFs is highly anticipated in 2025.
Investment giant JPMorgan estimates that these ETFs could attract over $8 billion in investor money, which would be funneled into XRP. This could lead to a price explosion, considering the impact of Bitcoin ETF approval on the flagship crypto's price.
On Jan. 10, the day of Bitcoin ETF approval, BTC was valued at $44,480. It went on to reach highs of $73,780 in March 2024, fueled by the SEC's greenlighting of spot BTC ETFs and the influx of cash they brought.
Meanwhile, XRP's price has surged by over 450% since Trump won the U.S. presidential election on Nov. 6. As of Feb. 4, XRP's market cap stands at around $150 billion, according to CoinGecko.
“No digital asset is more coiled than XRP,” the analyst noted in their analysis.
Another potential catalyst for a massive XRP upsurge is the resolution of the Ripple vs. SEC lawsuit, which could lead to a magnificent XRP upsurge.
The SEC filed its lawsuit in December 2020, accusing Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen of raising over $1.3 billion via an unregistered securities offering of XRP.
Crucially, Judge Analisa Torres ruled in July 2023 that XRP sales to retail investors on exchanges did not violate securities laws. However, in a separate ruling in August 2024, the court slapped Ripple with a $125 million fine for its institutional XRP sales, which were deemed to be unregistered securities.
As Gensler exits amid the lawsuit's appeal stage, pro-crypto acting SEC Chair Uyeda is expected to adopt a more friendly approach than his predecessor, leading many to speculate on the possibility of a settlement.
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