Why $XRP Is Up Today: Brazil XRP ETF Approval Spark Bullish Rally

$XRP News Today: Brazil XRP ETF Approval Drive Price Rally, What Next?

XRP is making headlines today with a significant surge in its price. At the time of writing, XRP is trading at $2.69, marking a 5.17% intraday increase. Over the past seven days, the token has seen a 9.87% rise, climbing from $2.4499 to its current level. With a market cap of $155.67 billion and a 24-hour trading volume of $5.41 billion, XRP is once again grabbing investor attention.

Source: CoinMarketCap

This surge brings XRP closer to its all-time high of $3.84, recorded on January 4, 2018, while staying far above its all-time low of $0.002802, set on July 7, 2014.

Why XRP is Rising Today: What’s Driving $XRP Price Rally?

Several factors are driving XRP’s current price rally:

• Brazil Approves XRP ETF: A significant catalyst for the price surge is Brazil’s approval of the world’s first spot XRP ETF. The Brazilian Securities and Exchange Commission has given the green light to Hashdex's product, the Hashdex Nasdaq XRP Index Fund. This spot XRP ETF will soon begin trading on Brazil’s B3 exchange, marking Brazil as the first country to launch such a product. Although Hashdex has not yet confirmed the official start date, the approval has boosted investor confidence, leading many to speculate on why XRP is going up today.

• SEC Review on XRP ETFs: In the U.S., the SEC is currently reviewing applications for spot XRP ETFs from major firms like CoinShares and 21Shares. The SEC has acknowledged Nasdaq's filing for the CoinShares XRP ETF and opened a 21-day public comment period. Other exchanges, including Cboe, are also seeking approval to list XRP ETFs from firms like WisdomTree and Bitwise. This progressive stance from regulators is another reason why XRP is going up.

• Analyst Predictions: Well-known ETF analysts, including James Seyffart and Eric Balchunas, have expressed optimism regarding the approval of an XRP ETF in the U.S., estimating a 65% chance by October 17, 2025. This positive outlook has further fueled market enthusiasm.

XRP Price Prediction: Will XRP Reach $10?

While XRP is currently enjoying a bullish phase, technical indicators suggest caution. According to Ali Charts, the TD Sequential indicator on XRP’s 3-hour chart has flashed a sell signal following an 11% rebound, peaking at $2.78. This suggests a potential short-term pullback, with the price recently closing at $2.6925, down 0.96%.

Source: X

Looking ahead:

• 2025 XRP Price Prediction: Forecasts for 2025 vary, ranging from $3 to $5.40. Analysts predicts the highest target at $5.40.

• 2030 XRP Price Prediction: Long-term predictions show a wide range, with estimates from $8.37 to an ambitious $10, depending on market conditions and adoption rates.

Will XRP Drop Again or Soar Higher?

With recent bullish momentum, many are wondering will XRP drop again or continue to rise. Factors like regulatory decisions, market adoption, and technical indicators will play key roles. Investors are also speculating on how high will XRP go after the lawsuit with the SEC concludes, which could significantly impact XRP’s future price.

For now, the approval of the Brazil XRP ETF and ongoing SEC reviews are strong reasons why XRP is up today.