Can XRP break through $5? XRP is surging amidst positive news, including the SEC acknowledging Grayscale’s XRP-spot ETF application and potential shifts in regulatory policy. Get the latest XRP news and price analysis here.
Today’s crypto market is green after being in the red zone for several days. Giant tokens, such as BTC, Solana, and Ethereum have experienced price increases, including XRP.
The increase in the price of XRP is higher than other major tokens? Is it because of the development of the XRP ETF project that Greyscale is currently working on?
Let’s discuss together the latest news about XRP today and its price prediction which is projected to touch $5 soon.
SEC Acknowledges Grayscale’s XRP-Spot ETF Application
On Thursday, February 13, the U.S. SEC officially acknowledged Grayscale’s application to convert its XRP trust into an exchange-traded fund (ETF).
While this acknowledgment does not guarantee approval, it marks a significant milestone for XRP. Leading ETF analyst Nate Geraci described the move as an “enormous message” in his X post.
Grayscale originally launched its XRP trust in September and applied to convert it into an ETF in January.
Although the SEC could reject the filing, the fact that it acknowledged the application instead of dismissing it outright suggests a possible shift in regulatory stance.
This development has fueled optimism in the cryptocurrency community, particularly among XRP investors.
SEC Litigation and Policy Adjustments
While the SEC remains engaged in litigation with Ripple, the company associated with XRP, the agency has also shown signs of shifting its approach to crypto enforcement.
On Wednesday, February 19, the newly revamped SEC and its Crypto Task Force continued addressing regulatory challenges and enforcement cases related to digital assets.
Fox Business journalist Eleanor Terrett reported a major court development regarding the SEC’s expansion of the Dealer Rule.
Under Acting Chair Mark Uyeda, the SEC voluntarily dismissed its appeal against a lawsuit brought by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT).
This lawsuit challenged the SEC’s broad application of the Dealer Rule, which sought to classify high-frequency trading firms and certain crypto hedge funds as dealers.
The dismissal of the appeal is seen as a victory for innovators and entrepreneurs in the crypto space.
The Blockchain Association celebrated this move, stating: “Today, under new leadership at the agency, the SEC voluntarily dismissed its appeal, marking a total victory in the case not only for us, but for the innovators, entrepreneurs, and builders across America.”
The SEC’s appeal withdrawal follows recent court filings on enforcement actions against Binance, Coinbase, and Lejilex.
These filings requested stays, arguing that extensions would allow the SEC’s Crypto Task Force to develop a regulatory framework that could lead to better resolutions.
Ripple Case and Regulatory Priorities
Despite these positive developments, investors hoping for the SEC to withdraw its appeal of the Programmatic Sales of XRP ruling in the Ripple case may be disappointed.
The next deadline in the Ripple case is April 16, when Ripple must file its appeal-related reply brief. With no filings expected until then, it appears the SEC is prioritizing enforcement cases with tighter deadlines.
Eleanor Terrett noted: “I’m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines.”
Some experts speculate that the SEC may be waiting for Paul Atkins’ confirmation as SEC Chair before formally withdrawing from certain non-fraud crypto cases.
Current deadlines for major crypto lawsuits range from March 14 to April 16, allowing time for regulatory adjustments before the Crypto Task Force finalizes its approach.
XRP Price Trends: ETF Optimism and Market Response
XRP has shown significant price movements in response to the latest regulatory developments. On February 20, XRP surged 7.46% and now trading at $2.7186.
This increase outperformed the broader crypto market, which gained 1.30% and reached a total market cap of $3.14 trillion.
Market analysts attribute XRP’s rally to speculation surrounding a potential SEC withdrawal from the Ripple case appeal and progress on the approval of XRP-spot ETFs. Key price scenarios include:
1. Bullish Case: If the SEC withdraws its appeal, XRP could break past its all-time high of $3.5505.
2. ETF Catalyst: An XRP-spot ETF approval could push prices toward $5, driven by institutional inflows.
3. Bearish Case: A continued SEC appeal and an ETF rejection could send XRP below $1.50.
XRP analysts remain divided on the long-term price outlook. Some, like XRP Captain and Egrag Crypto, predict a massive rally to $250 or even four-digit price targets.
However, more conservative analysts suggest that XRP must first break key resistance levels, such as $3.40, to confirm a new all-time high.
Institutional Adoption and the Future of XRP
Ripple’s continued expansion and the potential approval of XRP-spot ETFs are expected to drive institutional adoption.
The company is actively securing new financial services partnerships, launching new financial products, and expanding its workforce in the U.S. These developments signal a broader acceptance of XRP in the global financial system.
Meanwhile, the U.S. government’s approach to crypto regulation remains a key factor. The Trump administration’s pro-crypto stance, combined with the SEC’s evolving enforcement strategy, suggests that regulatory clarity for XRP and other digital assets could be on the horizon.
With market optimism growing and regulatory shifts taking place, the next few months will be critical for XRP’s future.
Investors will closely watch the SEC’s next moves, as well as any updates on XRP-spot ETF approvals and Ripple’s legal battle, to determine the token’s trajectory in 2025 and beyond.
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