XRP (XRP) Price Prediction: Can XRP hit $25 as SEC battle rages on?

The possibility of XRP reaching $25 is being talked about as the SEC battle with Ripple continues. Pro-XRP advocate John Deaton broke down the case and the potential outcomes.

The cryptocurrency market is on a roll and XRP is leading the charge. XRP, the native token of the XRP Ledger, has seen a 5% gain in the last 24 hours. The price is currently at $3.34, up 35% over the last week. XRP’s market capitalization has now reached $192 billion, surpassing USDT's $138 billion and closing in on Goldman Sachs', which is valued at $193.5 billion.

Several strong tailwinds are contributing to XRP's recent surge. JPMorgan has highlighted the potential impact of a spot ETF on XRP's price, indicating that billions of dollars will flow into XRP when the ETF launches, driving up demand. Additionally, there are rumors that Trump will approve an American Crypto Reserve, which will include Ripple's XRP, to be announced in a Trump Executive Order this week.

Ripple's CEO Brad Garlinghouse has also stated that it is inevitable that an ETF will be launched, with several companies applying to offer it, including Bitwise and WisdomTree.

Today, Bloomberg analyst James Seyffart shared a list of the current digital asset ETF filings on his X terminal, notably highlighting the multiple separate filings for XRP ETFs by Bitwise, Canary, and others.

With the SEC now showing support for crypto, multiple applications have been filed for crypto ETFs. Source: X

In other news, the U.S. SEC is reportedly revamping its crypto regulation strategy following the departure of Chairman Gary Gensler. Acting Chair Mark Uyeda has announced a new crypto task force to create a clear regulatory framework for crypto assets.

The task force, to be led by Commissioner Hester Peirce, a crypto advocate, will work with industry stakeholders, Congress, and the CFTC to resolve jurisdictional conflicts and regulatory ambiguities. The SEC aims to move away from its enforcement-heavy approach, which has caused confusion and stifled innovation. Peirce emphasized the need for broad collaboration to protect investors, support innovation, and foster market integrity.

This bodes well for the approval of XRP ETFs by the SEC.

Trump's pro-crypto policies have also pushed XRP futures to record highs. Open interest (OI)—a measure of market sentiment—reached an all-time high of $7.6 billion on Jan. 18 before settling at $7.1 billion.

OI has increased by 90% since Jan. 9, during which time XRP has risen by 47%. High OI indicates strong market momentum and traders' bullish outlook. It's reminiscent of the OI levels during the bull run of November-December 2024, which preceded a 170% rally in XRP.

Moreover, favorable political developments are also boosting XRP's performance. With the new U.S. administration and President-elect Trump's pro-crypto stance, the market is optimistic. The expected appointment of Paul Atkins to head the SEC, given his crypto-friendly views, has raised hopes for regulatory clarity, which is crucial for the XRP ecosystem amid Ripple's ongoing legal battle with the SEC.

Ripple's legal battle with the SEC began in 2020, when the SEC sued Ripple for allegedly conducting unregistered securities offerings through XRP sales. In July 2023, a federal court ruled that XRP is not a security when sold on exchanges, but that institutional sales were unregistered securities. The SEC appealed this ruling in late 2024, and the case is still pending. Ripple's CLO, Stuart Alderoty, has criticized the SEC for the slow pace of the proceedings, which may change under the new administration.

Despite the legal challenges, Ripple continues to expand its operations. In 2023, it acquired Swiss crypto custody firm Metaco for $250 million. It also received approval from Singapore's Monetary Authority to offer digital payment token services and is ramping up its presence in the Asia-Pacific region. In October 2024, it launched RLUSD, a U.S. dollar-pegged stablecoin.

XRP Eyes $4.0 Milestone Amid Bullish Market Signals

XRP is grabbing headlines as it eyes a breakout above the $4.0 price level. A technical analysis of the XRP/USD daily chart reveals several bullish indicators. The 10-day Simple Moving Average (SMA) is positioned at $3.22, while the 100-day SMA is at $3.21, both indicating a stable market. The Relative Strength Index (RSI) is at 60.11, suggesting that XRP is not yet considered overbought, which could indicate further upside potential.

XRP/USD daily chart. Source: Trading View

Over the past few months, XRP has experienced a remarkable rally of 449.19%. According to crypto analyst Jr. Lai Jr., this trend is likely to continue, with XRP poised to climb above the $10 price