The XRP price has jumped by 5% in the past 24 hours, with its move to $2.29 coming as the cryptocurrency market as a whole barely moves today.
XRP is now up by the same percentage in a week and by 6% in a fortnight, while also boasting an impressive 375% increase in a year.
Its moves today come after the SEC approved the Grayscale Digital Large Cap ETF, which includes XRP in its basket of digital assets, although the regulator has already frozen this approval, pending the establishment of clearer regulatory framework for ETPs.
However, analysts are still optimistic that the approval clears the way for spot-based XRP ETFs, something which would have hugely positive implications for the long-term XRP price prediction.
XRP Price Prediction – Crypto Analyst Says Wall Street’s Full-Scale Entry is Just Beginning – $100 XRP Next Target
Posting on X, analyst Nate Geraci had suggested that the approval makes a spot-based XRP ETF much likelier, and while the SEC did actually include a stay on the approval, Geraci still insists that the news is encouraging.
And as he reiterates above, the “floodgates open” to XRP ETFs once the SEC does introduce the regulatory framework analysts are now expecting.
This means that we may experience a delay while the regulator formulates a set of guidelines for ETFs and other ETPs, but the fact that it approved Grayscale’s ETF would indicate that it’s very open to exchange-traded funds involving XRP (and other cryptocurrencies).
It’s arguable that this news is reflected in the XRP price today, given its sudden and obvious bounce.
And if we look at its chart, we see that it’s beginning to regather some good momentum, with its RSI (yellow) shooting up to 60 this morning.
Similarly, its moving average convergence divergence (orange, blue) is about to turn positive, a sign that bulls are about to take control of XRP’s market.
Source: TradingViewOther positive signs include an increase in XRP fund inflows this week, while the coin’s funding rate has also risen, reaching 0.0104% today.
We may therefore be on the cusp of a bullish period for XRP, which has strong enough fundamentals to support a long, sustained rally in the latter stages of the year.
Not only could XRP ETFs be a massive boost to the XRP price, but Ripple’s ongoing expansion as a business will also support the altcoin.
For example, yesterday saw the firm apply for a US banking charter, something which would facilitate the growth of its stablecoin business.
This is very bullish for XRP, which could reach $2.50 in August and then $3.50 by the final months of the year.
Automated Sniping Bot Raises $1.3 Million in Presale: Is Snorter the Next Big Alt?
There’s no doubt that XRP could have a big end to 2025, yet there are other alts which have the potential to do very well in the coming months.
Some of these will be presale coins, which have an advantage over other new coins, in that they can generate enough momentum during their sales to have big rallies once they list.
One of the most promising presale coins around at the moment is Snorter (SNORT), a new Ethereum- and Solana-based token that has raised over $1.3 million in its ICO.
This is an impressive figure, and the reason why Snorter is doing well is because it’s preparing to launch its own automated sniping bot.
As a sniping bot, it will make trades ahead of the market, buying emerging tokens before they blow up.
It will also offer several other important features, including copy trading, limit orders, atomic swaps, and protection against front-running and honeypot scams.
This promises to make it one of the best bots in the market, with traders able to buy its SNORT token early by going to the Snorter website.
The coin will have a max supply of 500 million SNORT, with holders able to stake it for a passive income.
It currently costs $0.0971, although this will rise again in just under two days.
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