Will XRP Price Hit $3 Soon As XRP ETH Odds Jump to 84%?

With the SEC vs. Ripple lawsuit nearing its conclusion and Ripple agreeing to a $50 million settlement, attention is shifting to the potential launch of an XRP ETF. In a recent Bloomberg interview, Ripple CEO Brad Garlinghouse emphasized the importance of an exchange-traded fund for the XRP ecosystem, stopping short of confirming collaboration with asset management giant BlackRock. Industry experts are closely watching the XRP price movement, anticipating a potential breakout to $3 in the near future.

Are Ripple and BlackRock Exploring Potential XRP ETF?

In his recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked whether they are collaborating with BlackRock to launch an XRP ETF in the US. Although Garlinghouse didn’t explicitly accept such a collaboration, he sparked speculation by stating, “We think it makes sense for the XRP community overall”.

The prospect of a BlackRock filing for an XRP ETF in 2025 has captured the attention of the crypto community. Many believe that once the regulatory wall over Ripple is removed, asset managers will rush in the second-half of the year to bring a Ripple ETF to the market. Furthermore, Ripple CEO Garlinghouse is also confident that XRP would make it to the US Digital Asset stockpile.

Adding to the discussion, Crypto.com CEO Kris Marszalek highlighted the transformative potential of XRP ETFs. He predicts that the development could attract $8 billion in inflows following the approval. Kris’s comments came just when Crypto.com entered a deal with Trump Media to bring different crypto ETFs, including the one for XRP. On the other hand, decentralized prediction platform Polymarket has shown that the odds of an XRP ETF approval in 2025 have surged to 84%.

Ripple Drops Cross-Appeal Against US SEC

The long-running Ripple vs SEC lawsuit has finally come to an end as the blockchain startup has decided to no longer pursue the cross-appeal against the securities regulator. The resolution involves a $75 million refund to Ripple, following the SEC’s decision to drop its appeal and Ripple abandoning its cross-appeal.

This settlement concludes a case that initially resulted in a $125 million penalty against Ripple. With the refund, the company’s net payment to the SEC amounts to $50 million. Under the Trump administration, the SEC has softened its stance while putting a greater focus on establishing clear crypto regulations. Speaking on the recent lawsuit development, ETF Store President Nate Geraci said:

“Ripple lawsuit coming to end… Seems obvious spot XRP ETF approval simply matter of time IMO. And yes, I expect BlackRock, Fidelity, etc to all be involved. XRP currently 3rd largest non-stablecoin crypto asset by market cap. Largest ETF issuers aren’t going to ignore this”.

XRP Price Surge to $3 Soon?

Amid the current development and hopes for XRP ETF, the XRP price has given a muted response as it continues to face strong rejection at $2.50 levels. Despite this, market analysts have made bold predictions, expecting the XRP price rally to continue at $15 and beyond.

Sharing the XRPUSDT chart, popular crypto trader Seyma stated that she’s more bullish on the Ripple cryptocurrency in comparison to other altcoins. “My weekly target is $3-$3.24 i never give investment or trading advice just noted to myself,” she wrote.

✓ Share:

Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.