Top 3 Reasons why XRP Price is on the RISE

• XRP’s price has surged by more than 5% in the past 24 hours, reaching $2.7.
• The rally is driven by key developments in the market and regulatory landscape.
• Investors are speculating on further gains, potentially pushing XRP past $3.

Top 3 Reasons why XRP Price is UP

1. Brazil Launches the World’s First Spot XRP ETF

One of the biggest catalysts for XRP’s price surge is the groundbreaking announcement that Brazil is launching the world’s first spot XRP exchange-traded fund (ETF), known as HASHDEX NASDAQ XRP FUNDO DE ÍNDICE. This move is a significant milestone for both Ripple and the cryptocurrency industry as a whole.

ETFs have played a crucial role in mainstream cryptocurrency adoption. They provide institutional and retail investors with an easier way to gain exposure to digital assets without directly holding them. The approval of a spot XRP ETF means that large financial institutions and investors can now buy into XRP with greater confidence and regulatory clarity. This, in turn, increases demand and liquidity for the token.

Brazil’s decision to lead the way in launching an XRP ETF signals strong institutional interest in XRP and its long-term potential. As more countries and financial institutions take notice, we may see similar products emerge in other markets, further fueling XRP’s growth.

2. SEC’s Changing Stance on Major Crypto Lawsuits

Another crucial factor contributing to XRP’s price rise is the shifting regulatory landscape in the United States. The U.S. Securities and Exchange Commission (SEC) has been delaying major crypto lawsuits, possibly as a strategy to buy time before deciding whether to dismiss them altogether.

Under the leadership of Gary Gensler, the SEC aggressively pursued legal actions against Ripple, Kraken, Coinbase, and other cryptocurrency firms. However, as regulatory leadership evolves, the agency’s stance appears to be softening. Many speculate that the SEC’s recent delays indicate a potential shift in priorities.

The Ripple vs. SEC lawsuit, which has been ongoing since December 2020, remains one of the most significant legal battles in the crypto sector. The case is reaching a crucial turning point, with an important deadline set for April 16. Market analysts believe that if the SEC shows signs of reconsidering its position or dropping the case, it could be extremely bullish for XRP’s future.

Additionally, journalist Eleanor Terrett has reported that the SEC is currently prioritizing cases with more imminent court deadlines. This could explain why there haven’t been any recent delay requests for the Ripple lawsuit. If the SEC ultimately decides to settle or drop the case, it would eliminate a major overhang on XRP, potentially triggering a much larger rally.

3. Investors Accumulating XRP at Lower Prices

Beyond regulatory and institutional factors, another major reason for XRP’s price rise is investor sentiment. Many traders and investors see the current price of XRP as an attractive buying opportunity in anticipation of a much larger price movement.

The cryptocurrency market operates in cycles, with smart investors often accumulating assets during periods of price stability or slight dips. With XRP hovering near the $2.7 mark, many investors are betting on the token’s long-term growth potential, leading to increased buying pressure.

Market psychology plays a crucial role in price movements. When traders observe bullish catalysts—such as regulatory clarity or institutional adoption—they tend to act swiftly. The recent rise in XRP’s trading volume suggests that investors are positioning themselves for future gains, expecting the price to break past key resistance levels.

XRP Price Prediction: Can XRP Break $3 Again?

With these bullish factors at play, many analysts believe that XRP could soon break the $3 mark once again. If the momentum continues and the SEC lawsuit reaches a favorable outcome, XRP could see even greater price appreciation in the coming weeks.

XRP/USDT 1-day chart - Bitget

Historically, XRP has experienced explosive rallies following major developments. The introduction of a spot XRP ETF in Brazil, coupled with regulatory shifts in the U.S., provides strong tailwinds for further price gains. If buying pressure remains high, XRP could test previous all-time highs and establish new price levels.