news 
Title: Pundit Suggests Likely XRP Price When the SEC Approves First U.S. Spot XRP ETF
As the anticipation builds for a potential approval of a spot XRP exchange-traded fund (ETF), cryptocurrency enthusiasts are left wondering about the likely price trajectory such an event would bring about. Noted pundit, Xaif, recently ignited this debate by suggesting that XRP could surge to $10 following the SEC’s approval.
XRP, currently trading at around $2.18, has demonstrated remarkable resilience despite ongoing regulatory hurdles, its latest price action revealing a sustained bullish momentum. This uptrend is largely attributed to the improving legal landscape surrounding Ripple’s ongoing lawsuit with the SEC. The court’s previous declaration that XRP is not a security when sold to retail investors and Ripple’s potential drop of its appeal have created an atmosphere where institutional sentiment appears set to shift in favor of XRP.
Technical analysts are closely monitoring price action, particularly as the token inches closer to breaking out above $2.30. This pivotal level could trigger a rapid rally, especially if coupled with anticipation surrounding a landmark regulatory approval such as this proposed ETF.
Source: timestabloid.com
