The year 2024 was recorded as an important turning point in the financial world of XRP. While the effects of the Ripple-SEC fight continue, Trump’s victory and pro-crypto policies had a positive impact on the XRP price. XRP traded at a seven-year high of $2.84 and is currently trading at $2.41. Analysts state that possible ETF approvals will support future price growth of XRP.
How Could XRP ETF Approval Change the Cryptocurrency Market?
The main reason for the expected increase in XRP’s price is the approval of a potential spot ETF. Bitcoin $104,723.9 and Ethereum 
$3,945.0 The market impact of its ETFs makes a strong case for XRP. After the approval of the Bitcoin ETF, the Bitcoin price broke a record at $106,488. Weekly flows of $2.17 billion strengthened investor confidence. Ethereum ETFs triggered a similar rally. Ethereum steadily increased its price after ETF approval, reaching $3,963. XRP ETF approval could push the price higher by increasing the scarcity of the token while attracting investors to the market.
The resolution of the Ripple-SEC case and the reduction of regulatory uncertainties may further increase interest in XRP. According to analysts, the XRP ETF could see $2 billion in flows in its first month of launch. These developments strengthen the potential for XRP to rise to levels as high as $10.
The New Role of XRP in the Cryptocurrency World
The Trump administration’s positive approach towards crypto supports the overall momentum in the sector. Experts, Ripple 
$2.4He thinks that ‘s approval and launch of stablecoin called RLUSD will also strengthen the future of XRP. This step could make XRP not just a crypto asset but an integral part of the financial system.
XRP is expected to follow the path of Bitcoin and Ethereum after ETF approval. Historical data shows ETF flows are in line with price charts. While XRP becomes more accessible to new investors, creating a scarcity effect could accelerate the price increase. The end of the ongoing struggles between Ripple and the SEC and the clarification of market regulations may make XRP the most talked about cryptocurrency by the end of 2024.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
