XRP price has jumped 7% today, climbing to $2.71, after U.S. President Donald Trump shared an article on TruthSocial highlighting Ripple’s growing influence in the U.S. financial sector. Trump’s endorsement signals potential government support for blockchain innovations and strengthens the case for XRP’s long-term adoption.
With Trump’s administration taking a pro-crypto stance, XRP traders reacted positively, anticipating a more favorable regulatory environment for digital assets.
Brazil to Launch First Spot XRP ETF
In a groundbreaking development, Brazil is set to launch the world’s first spot XRP ETF, further increasing institutional exposure to XRP.
Analysts believe that Brazil’s decision to launch the world’s first spot XRP ETF could have a major impact on XRP adoption in Latin America:
This move could be a game-changer for XRP adoption in Latin America, bringing new investment and legitimizing XRP as a financial asset.
With Bitcoin and Ethereum already benefiting from ETF-driven institutional inflows, XRP could be next in line for a surge if Brazil’s ETF proves successful.
SEC Acknowledges New XRP ETF Filings from Canary Capital & WisdomTree
The U.S. SEC has officially acknowledged new XRP ETF filings from Canary Capital and WisdomTree, marking another major step toward regulatory acceptance of XRP-based investment products.
Why This Matters:
- SEC acknowledgment is the first step toward ETF approval.
- Institutional demand for XRP-based products is increasing.
- Could lead to a similar rally as seen with Bitcoin and Ethereum ETFs.
This mirrors XRP’s previous 12% surge when the SEC acknowledged Grayscale’s XRP ETF application last month.
CoinCodex XRP Price Prediction: $4+ by April 2025
While XRP remains 31% below its all-time high of $3.92, CoinCodex’s price model forecasts that XRP could surpass $4 by April 2025.
CoinCodex XRP Price Forecast:
- $4+ in April 2025
- Further upside expected with ETF momentum and institutional interest
With Trump’s administration backing blockchain innovations, ETF developments in the U.S. and Brazil, and growing institutional demand, XRP appears primed for further gains.
Final Thoughts: XRP Poised for a Breakout Under Trump’s Pro-Crypto Stance?
With President Trump’s endorsement of XRP, Brazil’s XRP ETF launch, and the SEC acknowledging multiple ETF filings, the market is turning increasingly bullish on XRP.
Key Takeaways:
- XRP jumps 7% after Trump endorses Ripple’s U.S. expansion
- Brazil to launch the world’s first spot XRP ETF
- SEC acknowledges new XRP ETF filings from Canary Capital & WisdomTree
- CoinCodex predicts XRP to surpass $4 by April 2025
With government support, ETF growth, and increasing institutional adoption, could XRP be on the verge of breaking past its 2018 all-time high?
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Source: https://coincodex.com/article/63426/xrp-gains-7-after-trump-endorses-pro-xrp-article-etf-buzz-grows/