Can XRP rate rise to $ 5 if SEC approves RIPLJE ETFS?

The undercover price remained stable this week, hovered at its highest level for more than a month after she aligned by 40% of the lowest point of the year.

Ripple (XRP) The CSRP trades on Monday of $ 2.27, giving him a $ 136 billion market hat and strengthening his position as the fourth largest crypturant market value.

Several catalysts could drive the price of the KSRP this year, including its expansion of role in the financial services industry and the potential approval of the stock exchange fund.

According to Brad GarlinghouseGeneral Manager Ripple Laboratory, the company aggressively expands its banking partnership after the conclusion of its sectoral object. Ripple aims to disrupt the global payment system dominated by Swift.

The second main catalyst is the potential approval of the KSRP based in the spot. SEC has already recognized the application of companies such as bureau, 21shares, Franklin Templeton and Vistutre.

The Agency also recently approved futures CSRP ETF companies like proshares and tauucria, increasing the probability that funds based on the site can follow.

Polimarket data It shows that the chances of the RIPPLE ETF approval increased to 78%. Most importantly, JPMorgan analysts predict that these funds will attract over $ 8 billion during the first year. If this forecast is correct, it means that the KSRP funds will surpass One Ethereum (El), who experienced a net inflow of only $ 2.5 billion.

There are early signs that KSRP ETFs will have demand. Recently launched Teucrium 2K Long Daily XRP ETF has attracted Over $ 54 million in assets in less than a month.

Technical Analysis of XRP Prices: Can you guess $ 5?

The daily shows that XRP returned abruptly in recent weeks, gathering from $ 1.60 at the beginning of this month to the current level of $ 2,355. The price violated the upper side of the drop-down pattern of wedge, usually a signal for bakery reversion.

The relative strength index continued to grow and recently switched above the neutral 50 levels, signals about strengthening momentum. In addition, the KSRP is now trading above the 50-day and 100-day movements on average, reinforcing a bullal view.

Therefore, the coin will probably continue to make the bulls target the level of psychological resistance to $ 3. The movement above this threshold would undo the form of the main and shoulders in the blue on the chart.

Looking further in advance, the CSRP could be overlooked last year in the amount of $ 3.40 after the potential approval of the KSRP ETF. This could rub the road to collect according to the next major psychological cicic to $ 5.