Ripple’s local presence XRP Despite the positive sentiment in the market, it is having difficulty exceeding $0.55. The price recorded a 2.6% correction in the daily trading session, reinforcing its negative outlook. However, when we examine the table from a broader perspective, it increased by 5.3% on a weekly basis, 9.8% on the 14-day chart and 3.1% on a monthly basis. However, the price showed a much more optimistic picture, with a 40% increase on an annual basis.
As we reported as Koinfinans.com, slow movements in the XRP price RippleIt may be due to ‘s ongoing litigation with the US SEC (Securities and Exchange Commission). The fintech company received a favorable ruling from a district court last year, stating that Ripple’s sale of tokens to retail customers did not violate securities laws. However, the case is currently in the high court and investors continue to await a decision.
Could Spot XRP ETF Send Price Skyrocket to $5?
In January, the SEC in the US approved 11 spot Bitcoin ETFs, allowing the market to breathe a sigh of relief. This development has opened the doors for more crypto spot ETFs in the future.
In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse said, ‘We would certainly welcome an XRP ETF. It would make sense to have other ETFs as well. The first days of the stock market. You usually want to consider diversifying risk.
If the SEC approves a sports XRP ETF, the chances of a rapid increase in price are quite high. Moreover, if Ripple receives a positive decision from the supreme court, the price has the potential to strengthen further.
According to Garlinghouse, ‘The SEC has consistently lost. They lost the Ripple case on every issue they care about. This ends when the SEC either realizes it keeps losing or Congress steps in and writes new legislation.
Changelly claims that the price may reach $5 in 2029. Telegaon, on the other hand, claims that $5 is possible in 2026.
