It is thought that if the US Securities and Exchange Commission (SEC) approves ETF applications for XRP, there may be a significant increase in the price of XRP. Crypto analysts are of the view that ETFs can strengthen the XRP ecosystem by attracting new institutional investors to the sector.
$1,000 Target for XRP Price
Analyst BarriC predicts that if the SEC approves the XRP ETF, the token could rise up to $1,000 in the long term. Bitcoin 
$62,792 Referring to the price movements of ETFs after their entry into the market, BarriC says that a similar rise may occur for XRP. According to him, in the next 5 to 10 years, XRP may reach these levels due to the influence of strong institutional investments.
Another analyst, CryptoTank, points out that large funds such as Bitwise and Canary Capital can invest large amounts in XRP for ETFs. It is claimed that this situation will trigger a price increase by causing a supply restriction in the market.
In the short term, XRP has the potential to reach its current all-time high of $3.84. Considering that Bitcoin broke records shortly after the launch of spot Bitcoin ETFs, similar momentum is expected for XRP. Ethereum 
$2,465The fact that ‘s failed to break a new record despite the spot ETF launch raises hopes that XRP may face less selling pressure.
Grayscale and SEC Case: What Do Latest Developments Mean?
The fact that Grayscale has not yet filed to convert its XRP Trust into an ETF means selling pressure may remain light. This strengthens the potential positive effects on the XRP price if ETF applications from funds such as Bitwise and Canary Capital are approved. It is known that the XRP assets Grayscale currently manages are worth approximately $2.1 million.
Former SEC official Marc Fagel says SEC is looking into Ripple 
$0.534633 In his lawsuit, he predicts that he will not object to the sales of XRP in secondary markets. Fagel states that this is a positive development for the XRP price and states that the fact that the SEC does not directly qualify XRP as a security may pave the way for ETFs.
The Future of XRP and Its Impact on the Market
The SEC’s stance on the Ripple case will largely determine the future of XRP. If the SEC abandons its claim to view XRP as a security, it is thought that ETF applications from major players such as Bitwise and Canary Capital could be quickly approved. This could pave the way for new investment flows into XRP, helping prices rise to higher levels.
The inclusion of institutional investors in the ecosystem with ETF approval has the potential to change the market dynamics of XRP. If developments move in the right direction, it is not out of the question for XRP to break a new record. However, it is clear that in this process, the results of the Ripple case and the final decisions of the SEC will play a decisive role.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
