Following the recent development of XRP ETFs under SEC review in February 2025, CNF highlighted the possibility of XRP being classified as a commodity since then. The cryptocurrency market is now abuzz with speculation as XRP, the native token of the Ripple network, stands on the brink of potentially transformative developments.
Recent analyses and market movements have fueled discussions about XRP’s price trajectory, with some experts forecasting significant surges. For example, a tweet by Amonyx highlighted that 18 XRP ETF filings have now been submitted to the SEC.
JUST IN: 18 XRP ETF FILINGS NOW SUBMITTED TO THE SEC.
SEND $XRP TO $20+
pic.twitter.com/gxqFPxWKGX
— Amonyx (@amonbuy) March 18, 2025
Crypto analyst Amonyx has projected that XRP could reach $20, attributing this potential rise to the anticipated approval of multiple XRP Exchange-Traded Funds (ETFs).
Notably, 18 XRP ETF filings have been submitted to the U.S. Securities and Exchange Commission (SEC) by prominent asset managers, including Bitwise, Grayscale, 21Shares, Canary Capital, and WisdomTree. The approval of these ETFs is expected to channel substantial institutional investment into XRP, potentially driving its price upward.
Market Analysts Highlight ETF Approval as a Catalyst
Further analysis suggests that the approval of altcoin ETFs could serve as a catalyst for XRP to break through significant resistance levels, specifically at $5 and $10, potentially paving the way toward the $20 mark. This perspective underscores the pivotal role that regulatory developments and institutional adoption play in shaping XRP’s market dynamics.
Potential Impact of SEC Approval on XRP’s Valuation
According to Mitrade, the broader implications of SEC approval extend beyond immediate price movements. Market analysts suggest that such regulatory endorsements could propel XRP’s market capitalization toward the $200 billion milestone, especially if the token surpasses the $3.40 price point.
Could ETF Approvals Propel XRP to $20?
The convergence of multiple XRP ETF filings and the potential for SEC approval creates a conducive environment for significant price appreciation. If these ETFs receive the green light, the influx of institutional capital could drive XRP’s price toward the $20 target envisioned by analysts.
However, investors should remain aware of the inherent volatility in the cryptocurrency market and conduct thorough due diligence before making investment decisions.
As of now, XRP is trading at approximately $2.29, with a 24-hour increase of 0.44% and a 5.66% gain over the past week, according to CoinMarketCap data.