- Brazil approved the world’s first spot XRP ETF, boosting confidence.
- Trump’s crypto reserve plan pushed XRP’s price toward key levels.
- Analysts predict XRP could hit $5-$20 amid ETF speculation.
Major regulatory news along with rising institutional involvement has compelled XRP prices to achieve unprecedented growth during current days. The market value of XRP currently stands at $2.80 and has achieved more than 23% growth during the past day. The price increase stems from Brazil’s decision to approve its first spot XRP ETF combined with President Donald Trump’s announcement about the U.S. strategic crypto reserve which incorporates XRP.
Brazil Approves First Spot XRP ETF
The Hashdex Nasdaq XRP Index Fund received approval from Brazil’s Securities and Exchange Commission (CVM) thus creating a historic opportunity for XRP investors. Through its management by Hashdex the ETF gets listed on B3 to provide institutional investors access to regulated XRP cryptocurrency exposure. The regulatory approval continues to fuel market speculation regarding additional major market conditions for these types of ETFs.
Multiple applications seeking spot XRP ETFs currently receive review from the U.S. Securities and Exchange Commission (SEC). The prominent digital asset manager Grayscale filed an application that obtained official acknowledgment from the SEC. The reception of this application demonstrates progress toward approval even though it does not ensure final approval given Ripple’s legal battle against the SEC continues.
Market participants predict that approval of a U.S. XRP ETF will become a reality in the near future. The odds of approval registered on Polymarket prediction markets expanded from 70% to 81% since the SEC confirmed receipt of Grayscale’s application. A U.S. approval of XRP would open institutional funding opportunities and boost demand while positively affecting its price.
Trump’s Strategic Crypto Reserve Pushes XRP Higher
The XRP market received additional fuel when former US President Donald Trump made an unexpected disclosure. Trump announced his intention to establish a crypto reserve made up of Bitcoin together with Ethereum as well as Solana Cardano and XRP. This strategic plan pursues to reinforce America’s control over cryptocurrency markets while combating regulatory barriers which limited cryptos from expanding previously.
XRP experienced a 23% jump after Trump revealed his plan for creating a strategic crypto reserve which incorporated Bitcoin, Ethereum, Solana, Cardano and XRP. The announcement triggered XRP to reach $3.00 before retracing slightly. Analysis indicates that introducing the reserve plan could lead financial institutions to adopt XRP and other cryptocurrencies faster because it will pave the way for regulatory compliance.
Technical Analysis: XRP Avoids Bearish Breakdown
The recent market movement of XRP prevented it from entering a bearish trend. The cryptocurrency displayed a traditional bearish head-and-shoulders pattern that had its neckline set at $1.96. The violation of this level would validate a downward movement that might drive XRP toward the $1.54 and $1.03 price points as 61.8% and 78.2% Fibonacci retracement levels.
Recent upward movement in XRP prices has eliminated the bearish signal and the asset looks toward breaking through a vital resistance point at $3.40. The short-term market outlook indicates XRP will rise toward $5.00 after it manages to surpass and maintain an above $3.40 resistance level. Bullish momentum seems to drive speculations that XRP may reach $20 in the long term as some analysts predict.
Experts updated their forecast projections about XRP following its current price surge. Xoom, a renowned trader in the crypto market, believes XRP will cross between $5-$7 by February’s end as long as the bullish sentiment stays active. The analyst Amonyx maintains an aggressive outlook on XRP prediction which shows the cryptocurrency might reach beyond $20 during this year because of regulatory approvals and institutional adoption activities.
Bullish expectations find backing from how the market overall supports these positive scenarios. Decentralized finance and the entirety of the crypto market have seen a substantial increase in stablecoins investment because of growing confidence among investors as shown by rising total value locked (TVL). The XRP Ledger ecosystem continues to experience heightened activity because its projects Sologenic and Coreum are delivering substantial price growth.
The positive projections for XRP exist yet multiple elements have the potential to disrupt its cost movement. The United States continues to face important regulatory hurdles that act as a significant market challenge. The SEC continues its legal confrontation with Ripple Labs about XRP even though some progress has been accomplished but there is no sign of a definitive resolution yet. A bad court decision would potentially create negative sentiment across the XRP market.
The crypto prices may change based on the condition of the broader macroeconomic climate. Federal Reserve interest rate choices along with institutional investment risk sentiment changes could work against XRP’s continued bullish price performance.
Mahsa Rezaei is a forward-thinking crypto journalist based in Tehran with a strong background in computer science and finance. Specializing in blockchain technology and its impact on Iran’s economic reforms, her investigative articles and in-depth analyses are widely read by tech enthusiasts and policy makers alike.