The Ripple (XRP) community awaits the SEC’s approval for a spot XRP ETF in 2025, as holders wonder if the token can reach $10. A double-digit XRP price will lead to Ripple surpassing Ethereum and emerge as the second-largest crypto. However, is this price target realistic, and how long would it take for XRP to reach $10 if a spot ETF is approved tomorrow?
How Spot ETF Approval Will Impact XRP Price
If the SEC approves a spot XRP ETF tomorrow, it will trigger a bull run for Ripple’s XRP token that could push it to $10. This is because Ripple will likely mimic what happened with spot Bitcoin ETFs by having a first-mover advantage as the first USA-made altcoin on Wall Street. This will drive enough capital inflows and bullish momentum to push the token to fresh highs.
During the first two months of trading, spot Bitcoin ETFs attracted $6.4 billion in inflows as BTC’s price surged by 55% during this period. If Ripple follows the same pattern after an XRP ETF gets the SEC’s approval tomorrow, the price could surge from $2.51 to $3.90 within the first two months.
Coingape also previously reported that JPMorgan estimates $8 billion inflows to XRP ETFs. Experts noted that by using these inflow projections alongside the market cap multiplier theory, XRP price could reach $15.
The above analysis shows XRP can easily reach $10 if the SEC greenlights a spot XRP ETF tomorrow. This surge will give Ripple a $589 billion market cap, making it the largest altcoin.
Meanwhile, the odds of XRP ETF approval happening soon have soared since the SEC ended its lawsuit against Ripple. Bloomberg analysts note that there is an 85% chance of approval, while on Polymarket, the odds of approval have surged to a record high of 80%.
XRP ETF Approval
Going by these estimates, it is likely that the SEC will say yes to a spot XRP ETF any time soon, and once this happens, the XRP price forecast targeting $10 will be confirmed.
Bull Flag Shows $10 Target is Possible
Traders should anticipate a massive breakout for the XRP price in the near term, which is possible once a spot XRP ETF starts trading in the US. Ripple’s technical outlook supports the likelihood of such gains happening, after forming a bull flag pattern as the price consolidates following a 5x rally between Q4 2024 and January 2025.
The height of the flag pole shows that between October 2024 and January 13, XRP rallied by 518%, and if it can break out from the flag’s resistance and register a similar rally, it will go as high as $17.
XRP/USDT: 1-week Chart
The weekly RSI is already rising, and the value of 57 shows that a bullish momentum is in play, making a breakout from the flag’s resistance possible. However, traders should watch out for the downward sloping ADX line that shows a weak trend is in play, and this may prevent a strong upward breakout for XRP price.
Summary
XRP ETFs have been drawing much attention with Wall Street giants forecasting $8 billion inflows as Bloomberg shares 85% odds of approval before the October deadline. The new SEC Chair, Paul Atkins, is already making pro-crypto moves, and if a spot Ripple ETF gets approval tomorrow, XRP price could easily shoot past $10, as seen in the bull flag on the weekly chart.
The post Will XRP Price Hit $10 if ETF is Approved Tomorrow? appeared first on CoinGape.
