Ripple’s XRP is in the spotlight due to a potential ETF (Exchange-Traded Fund) approval by the U.S. Securities and Exchange Commission (SEC), which analysts believe could significantly boost its price. Some predict that if approved, XRP could reach a long-term target of $1,000. The introduction of XRP ETFs would attract institutional investors, potentially increasing demand and driving up value. However, the SEC's ongoing lawsuit with Ripple remains a pivotal factor in the ETF approval process, influencing market dynamics.
In the short term, analysts suggest XRP could reach its previous high of $3.84, mirroring the surge in Bitcoin’s price following spot ETF launches. Long-term growth could be supported by the reduced selling pressure if institutional investors enter the market. Former SEC official Marc Fagel indicates that the absence of a direct SEC classification of XRP as a security could open doors for ETF approvals.
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