XRP News Today: Why Is $XRP Going Up and Will It Reach $15 Soon?

XRP News Today: Why Is $XRP Going Up? Key Factors Behind Price Surge

XRP has been making headlines with a significant price surge. As of today, the XRP price stands at $2.75, reflecting a 12.52% intraday increase with a market cap of $159.36 billion and a 24-hour trading volume of $7.08 billion. This upward movement has fueled discussions about why XRP is going up today and how external factors, including regulatory changes and ETF approvals, are influencing its growth.

Source: CoinMarketCap

Why is XRP Going Up: Factors Driving $XRP Price Surge

SEC’s Potential Withdrawal of Its Appeal

The SEC XRP meeting today, held under the Sunshine Act, has sparked speculation about a potential resolution in the Ripple lawsuit. This marks the third consecutive weekly session discussing injunctive actions, litigation settlements, and enforcement proceedings.

• In July 2023, Ripple secured a partial victory when the court ruled that XRP sales on exchanges were not securities.

• Ripple has requested an April 16, 2025, deadline for its response.

• The SEC’s potential withdrawal from its appeal could be a game-changer, clearing the path for a Ripple IPO and the approval of XRP-based ETFs from financial giants like WisdomTree, Bitwise, 21Shares, and Canary Capital.

• Adding to the regulatory shift, Paul Atkins is expected to replace Gary Gensler as the new SEC Chairman under President Donald Trump. Legal analysts believe this could delay further SEC actions against Ripple, benefiting XRP’s price.

XRP ETF Approval and Market Sentiment

Another major catalyst behind why XRP is going up is the Grayscale XRP ETF approval. The U.S. SEC has accepted Grayscale’s application to convert its XRP Trust into an ETF, providing investors with a regulated way to gain exposure to XRP.

• The XRP ETF approval date remains uncertain, but regulatory clarity has sparked increased interest from retail investors.

• An ETF approval could drive institutional adoption, enhancing XRP’s credibility and liquidity.

• XRP’s role in cross-border payments positions it as an attractive option for portfolio diversification.

XRP Price Prediction: How High Will XRP Go After the Lawsuit?

XRP’s price chart shows a bullish momentum, with analysts predicting further gains. According to crypto analyst Ali Martinez, XRP price will break its all-time high soon. 

Source: X

• The XRP/USDT Perpetual Contract on Binance is trading at $2.7349, up 5.72%, within an ascending parallel channel.

• Resistance is expected around $3.00-$3.20, with the potential to reach $3.60-$3.80 if bullish momentum sustains.

• Crypto analyst Ali Martinez suggests XRP has broken out of a symmetrical triangle, predicting a rally toward $15.

Will XRP Reach $10 or Even $15?

Several factors support the possibility of XRP reaching $10 or even $15:

• Expanding financial network: XRP’s focus on institutional adoption for cross-border payments continues to strengthen.

• Regulatory clarity: Resolution of the SEC XRP case would make spot XRP ETFs more likely.

• Superior transaction speed and cost-efficiency: XRP is seen as a better alternative to SWIFT, the traditional money-transfer network.

Experts suggest that if the SEC lawsuit concludes favorably and institutional interest grows, XRP could reach $110 in the next bull cycle. With SEC-related developments, Grayscale XRP ETF approval, and technical indicators pointing to further growth, XRP’s future looks promising. While it remains uncertain whether XRP will reach $10 or $15, growing investor confidence and regulatory clarity provide a strong foundation for future gains.