Amid concerns about the slowdown in US economic growth and a general decline in the cryptocurrency market, XRP has fallen by 5% in the past 24 hours. However, market sentiment is improving with growing expectations of the imminent approval of a spot ETF in the United States.
Market research firms assess that the approval of an XRP spot ETF is drawing near due to the leadership change at the US Securities and Exchange Commission (SEC), raising the approval possibility to 85%. They believe that conditions have been met for the SEC to flexibly adjust its regulatory approach.
Accordingly, analysts suggest that XRP could attempt to reach its April high of $2.36 (approximately 3,450 won) in the short term this year, and potentially break its all-time high in 2025 in the long term.
Industry experts note that expectations of institutional inclusion and market structural recovery are improving investment sentiment. Particularly, with Donald Trump reinforcing cryptocurrency-friendly policies since his re-election, there are predictions that the price could rise significantly after ETF approval.
While interest rates and economic recession issues create short-term uncertainty in the cryptocurrency market, XRP maintains a strong potential for a rebound compared to other altcoins, based on policy changes and potential market entry.
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