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TL;DR XRP briefly surpassed $2.80, driven by the SEC’s acknowledgment of 21Shares’ XRP ETF application. Analysts predict further gains, with targets ranging from $2.94 to $3.03 if the price maintains momentum above key support levels. The Rally Goes on Ripple’s XRP has been at the forefront of gains in the past few days, outperforming most cryptocurrencies from the top 20 club. Its price charted another 8% increase on a 24-hour scale, briefly rising to a two-week high of $2.82 (per CoinGecko’s data) before slightly retracing to the current $2.76. XRP Price, Source: CoinGecko The US SEC’s decision to acknowledge 21Shares’ application to convert its XRP Trust into an exchange-traded fund (ETF) is the most likely factor fueling the pump. Earlier this month, the securities regulator acknowledged a similar proposal filed by the world’s biggest digital asset manager – Grayscale. The aforementioned developments mean the SEC has officially received the applications and started a formal review process, which usually lasts up to 240 days. In the end, the watchdog must either approve or deny the ETF filings. A potential green light would give investors additional options to gain exposure to XRP’s price movements, providing a level of protection and oversight. It also removes the burden of having to buy, store, or secure the cryptocurrency directly. Meanwhile, a possible approval could also indicate that the SEC has embraced an entirely different approach toward the digital asset industry. Recall that the agency was not that friendly during Gary Gensler’s tenure, filing countless lawsuits against crypto businesses such as Ripple. The former Chairman resigned on January 20 and was succeeded by Mark Uyeda, who seems much more open to innovation and positive toward the cryptocurrency industry. XRP’s Next Potential Targets According to multiple market observers, the asset’s price has much more room for growth. The X user CRYPTOWZRD noted that XRP closed the previous day “strongly bullish,” expecting a further uptrend toward the $3.03 resistance target and beyond. Others who recently contributed include Ali Martinez and EGRAG CRYPTO. The former predicted a rise to $3 as long as the price held steady above $2.30. The latter suggested that “a strong close” above $2.75 could result in a local high of $2.94. “Remember, anything below $3.40 is merely noise in the market,” the analyst added. The post Ripple (XRP) Price Explodes to Two-Week High: Here’s Why appeared first on CryptoPotato.

Around 12% increase for XRP in the last 24 hours With the current price of $2.74, analysts believe it might hit $3 soon The SEC has acknowledged Grayscale’s filing to convert its XRP Trust into a spot ETF, initiating the formal review process. Lately, there’s been some real excitement around XRP. The cryptocurrency’s price popped over 12% since yesterday, and people are talking. Naturally, this sparked all kinds of speculations about how high it can go, with the current price standing at $2.74. Ali Martinez, a well-known crypto analyst, shared two interesting posts on X accompanied by charts. He believes that XRP’s potential for a price surge towards $3 hinges on maintaining a price above the $2.30 level. Today, he shared a chart, showing that XRP is demonstrating a rebound from its channel’s lower boundary, gaining upward momentum toward the $3 price target which may happen in the near future. Related: XRP Price “Ready to Roll”? Analyst’s Chart Sparks Debate Over $15 Target Short-Term & Long-Term XRP Price Predictions It’s hard to say whether that will be tomorrow, but some analysts believe a more realistic scenario for XRP is to be … The post XRP Surges 12%: Is $3 Price Target Next? Analyst Weighs In appeared first on Coin Edition.

XRP traded relatively strongly for most of the week, with bulls taking control following a lackluster performance last week. Notably, with Bitcoin back in price discovery mode, XRP seems to be emerging from a prolonged period of stagnation. For nearly seven years, the asset traded within a consolidation triangle pattern, but it broke out earlier in December, signaling a shift in momentum. According to CoinMarketCap data, XRP, the third-largest cryptocurrency by market cap, has surged by approximately 146% over the past month. Its market capitalization has risen by nearly $60 billion, reaching around $160 billion this month alone, as investors have increasingly flocked to the asset. This surge is further supported by data from IntoTheBlock, which shows that whales have accumulated over 830 million XRP in the past 24 hours, signaling growing confidence in the asset, as highlighted by crypto analyst Ali Martinez. Additionally, XRP’s growth potential is bolstered by the launch of Ripple USD (RLUSD) stablecoin globally, a significant milestone for both the XRP Ledger and Ripple. As Ripple CEO Monica Long explained, RLUSD enters the $70 billion payments flow market, benefiting from over a decade of industry expertise, strict NYDFS compliance, and a strong advisory board. With its credibility and utility, RLUSD is set to strengthen XRP’s position in the cryptocurrency space. Given these developments, analysts are predicting even greater surges for XRP. In a recent tweet, popular crypto analyst “The Charting Guy” highlighted XRP’s breakout from a seven-year-long consolidation pattern dating back to 2017. As he explained, he had been anticipating this moment all year before an even larger move unfolds. “I was ignoring that XRP and most lagging altcoins do nothing until BTC breaks out in real price discovery, not a fake breakout like March.” The pundit wrote. According to him, XRP’s breakout is now precisely following the 2017 fractal pattern, with a predicted price target of $8 by January. After a period of consolidation, he noted he anticipates XRP could reach $26 by September 2025, assuming the pattern continues to align as expected. On a shorter timeframe, analyst Ali Martinez pointed out a potential bullish flag setup, noting that XRP has been consolidating within this bull flag for some time. He believes that once XRP clears the $2.60 resistance, it could soar toward $4. XRP traded at $2.7 at press time, reflecting a 13.77% surge in the past 24 hours.

Lately, there’s been some real excitement around XRP. The cryptocurrency’s price popped over 12% since yesterday, and people are talking. Naturally, this sparked all kinds of speculations about how high it can go, with the current price standing at $2.74. Ali Martinez, a well-known crypto analyst, shared two interesting posts on X accompanied by charts. He believes that XRP’s potential for a price surge towards $3 hinges on maintaining a price above the $2.30 level. Today, he shared a chart , showing that XRP is demonstrating a rebound from its channel’s lower boundary, gaining upward momentum toward the $3 price target which may happen in the near future. Related: XRP Price “Ready to Roll”? Analyst’s Chart Sparks Debate Over $15 Target It’s hard to say whether that will be tomorrow, but some analysts believe a more realistic scenario for XRP is to be between $2.7 and $2.85 on February 15. Driven by increased institutional adoption and favorable regulatory developments, some forecasts are even more optimistic when it comes to a long-term price, with expectations that XRP could reach between $5 to $7 in the first half of 2025. Once again, it’s difficult to assess the chances of this happening, but those “less” optimistic analysts do believe that XRP might reach around $4 in April. The main reason why XRP has been mentioned a lot in the crypto world in the last 24 hours is due to the US Securities and Exchange Commission (SEC) acknowledging filings from Grayscale (a crypto asset management company) to convert its XRP Trust into a spot exchange-traded fund (ETF). This acknowledgment is viewed as a significant step toward potential approval, signaling increased institutional acceptance of XRP. In addition, despite recent economic data indicating higher-than-expected inflation, XRP has demonstrated resilience, posting gains alongside other major cryptocurrencies. This performance suggests sustained investor confidence in XRP’s prospects. Putting it all together, recent events—the SEC looking at XRP ETF proposals and XRP’s strong market showing— add up to a positive picture for the cryptocurrency. Related: Ripple CEO: XRP ETF Approval “Inevitable” – Analyzing Potential XRP Price Reaction Remember though, crypto markets swing wildly. While things look good now, investors should be careful and remember the risks. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Cardano (ADA)’s price dramatically jumped after asset management firm Grayscale filed for a spot ADA ETF in the United States. The move underscores rising institutional demand for digital assets, with analysts backing more adoption. Cardano has attracted developers and users recently but has been swarmed by the general poor market sentiment. Down 36% from its Dec 2024 high, bulls turn to recent developments to fuel a comeback. ADA Price Notches Major Uptick Hours after the spot ADA ETF application, Cardano’s price jumped 11%, a step higher than that of Bitcoin and Ethereum. This spike attracted larger trading activity-based bulls set sight above $1. The crypto downtrend soon clouded ADA price movements, but initial sparks changed the direction and saw whale numbers. Trader Ali Martinez wrote on X that the asset is on a breakout and moving toward $0.83 if positive sentiments remain. Similarly, large holders increased ADA purchases, backing a long-term recovery. The frenzy recorded by the community is due to the success of Bitcoin ETFs in the United States. These funds attract large players of crypto assets, maximizing the new investment window. Citing BTC price surge to multiple all-time highs, ADA bulls set sights on a price run to new levels not recorded in years. Digital asset enthusiast Lord Crypto wrote; “The list of ETF applications keeps getting longer, now @Cardano / $ADA is on that list. Depending on who you ask, this is either a chain that’s ahead of its time or it’s one that nobody wants to build on. But here’s what I think. The fact that GrayScale thought them worthy of a spot ETF means that they see something bullish with $ADA.” CME Listing Dampens ETF Hopes While Grayscale’s application ignited positive reactions, the fund’s chances of approval might not be as high as expected. Many analysts flagged the fact fact that the CME hasn’t listed ADA futures which quelled fears of price manipulation in previous products. This argument was used to push towards spot BTC and ETH ETFs. However, a cross-section of policy watchers fancy the prospect of a faster approval as the US regulatory landscape turns pro-crypto in line with President Trump’s plan. The country has launched a crypto task force to help clear industry rules that will drive innovation in the space. This marks a shift from the previous administration’s “war” on digital assets.