Will the price of XRP rise in 2025 if the SEC approves the Ripple ETF?

XRP price continues to form a slowly bullish chart pattern with SEC expected to approve Ripple ETF rally.

ripple (XRP) The price was trading at $2.2 after falling 25% from its highest point this year, meaning it is still in a bear market.

One of the biggest catalysts for XRP is the growing optimism that the SEC will approve a Ripple spot ETF in 2025. Firms like Bitwise, Canary Capital, 21Shares, and WisdomTree have already submitted their proposals for XRP ETFs.

There are increasing possibilities that other companies such as Fidelity, Blackrock, and Ark Invest will introduce their own XRP ETFs due to their size and success with Bitcoin and Ether ETFs. Blackrock has raised over $52 billion in Bitcoin (Bitcoin) and $3.54 billion in Ethereum (Ethereum) Money.

If this happens, the price of XRP could rise, as we saw with Bitcoin and Ethereum ETFs earlier this year.

Hopes for a Ripple ETF subsequently rose Donald Trump won General elections in November. He has already been nominated Paul Atkins is the next chairman of the Securities and Exchange Commission, This is a step that would introduce major regulatory changes. Analysts expect some major ETF approvals in 2024.

The price of XRP will likely be as good as the XRP Ledger and Stablecoin RLUSD Continue to gain market share. according to CoinMarketCapRLUSD gained over $53 million in market cap just weeks after its launch.

XRP price forecast

Ripple’s price peaked at $2.90 in December and is down 25% from its highest point this year. The pair remained above the 50-day and 100-day EMAs, which is an indication that the uptrend is continuing.

Most importantly, XRP price is in consolidation mode and forming a bullish pattern. This pattern, which can take a few days or weeks to form, consists of a vertical line, a flag pole, and a symmetrical triangle. It will be ensured that the ripple flag remains within the two sides of the triangle.

Therefore, the XRP token is likely to have a strong bullish breakout in the next few weeks as ETF prospects rise. If this happens, the next key level to watch would be $2.90, the highest point this year, and about 35% higher than the current level. A rise above this price will push it to $3 and possibly $5.