{"id":13250,"date":"2025-02-15T08:48:01","date_gmt":"2025-02-15T08:48:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13250"},"modified":"2025-02-15T08:48:01","modified_gmt":"2025-02-15T08:48:01","slug":"ripple-xrp-price-explodes-to-two-week-high-heres-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13250","title":{"rendered":"Ripple (XRP) Price Explodes to Two-Week High: Here\u2019s Why"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"142\">XRP briefly surpassed $2.80, driven by the SEC\u2019s acknowledgment of 21Shares\u2019 XRP ETF application.<\/li>\n<li data-start=\"143\" data-end=\"269\" data-is-last-node=\"\">Analysts predict further gains, with targets ranging from $2.94 to $3.03 if the price maintains momentum above key support levels.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-383451\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-1-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Rally Goes on<\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple\u2019s XRP has been <\/span><span data-preserver-spaces=\"true\">at the forefront of<\/span><span data-preserver-spaces=\"true\"> gains in the past few days, outperforming most cryptocurrencies <\/span><span data-preserver-spaces=\"true\">from<\/span><span data-preserver-spaces=\"true\"> the top 20 club.<\/span><span data-preserver-spaces=\"true\"> Its price charted another 8% increase on a 24-hour scale, briefly rising to a two-week high of $2.82 (per CoinGecko\u2019s data) before slightly retracing to the current $2.76.\u00a0<\/span><\/p>\n<figure id=\"attachment_383450\" aria-describedby=\"caption-attachment-383450\" style=\"width: 564px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-383450\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7.png\" alt=\"XRP Price\" width=\"564\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7.png 1033w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7-300x213.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7-1024x727.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7-768x545.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-7-50x35.png 50w\" sizes=\"auto, (max-width: 564px) 100vw, 564px\"><\/a><figcaption id=\"caption-attachment-383450\" class=\"wp-caption-text\">XRP Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The US SEC\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/cboebzx\/2025\/34-102426.pdf\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">decision<\/span><\/a><span data-preserver-spaces=\"true\"> to acknowledge 21Shares\u2019 application to convert its XRP Trust into an exchange-traded fund (ETF) is the most likely factor fueling the pump.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">E<\/span><span data-preserver-spaces=\"true\">arlier this month, the securities regulator <\/span><a href=\"https:\/\/cryptopotato.com\/why-is-the-ripple-xrp-price-up-today-23\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">acknowledged<\/span><\/a><span data-preserver-spaces=\"true\"> a similar proposal filed by the world\u2019s biggest digital asset manager \u2013<\/span><span data-preserver-spaces=\"true\"> Grayscale.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">aforementioned developments<\/span><span data-preserver-spaces=\"true\"> mean the SEC has officially received the applications and started a formal review process, <\/span><span data-preserver-spaces=\"true\">which usually lasts<\/span><span data-preserver-spaces=\"true\"> up to 240 days. <\/span><span data-preserver-spaces=\"true\">In the end<\/span><span data-preserver-spaces=\"true\">, the watchdog must either approve or deny the ETF filings.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A potential green light would give investors additional options to gain exposure to XRP\u2019s price movements, providing <\/span><span data-preserver-spaces=\"true\">a level of<\/span><span data-preserver-spaces=\"true\"> protection and oversight. <\/span><span data-preserver-spaces=\"true\">It also removes the burden of <\/span><span data-preserver-spaces=\"true\">having to\u00a0buy, store, or secure the<\/span><span data-preserver-spaces=\"true\"> cryptocurrency directly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, a possible approval could also indicate that the SEC has embraced an entirely different approach toward the digital asset industry. Recall that the agency was not <\/span><span data-preserver-spaces=\"true\">that friendly<\/span><span data-preserver-spaces=\"true\"> during Gary Gensler\u2019s tenure, filing countless lawsuits against crypto businesses such as Ripple.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The former Chairman <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/gary-gensler-officially-out-what-does-it-mean-for-ripple-xrp\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">resigned<\/span><\/a><span data-preserver-spaces=\"true\"> on January 20 and <\/span><span data-preserver-spaces=\"true\">was succeeded<\/span><span data-preserver-spaces=\"true\"> by Mark Uyeda, who seems <\/span><span data-preserver-spaces=\"true\">much<\/span><span data-preserver-spaces=\"true\"> more open to innovation and <\/span><span data-preserver-spaces=\"true\">positive<\/span><span data-preserver-spaces=\"true\"> toward the cryptocurrency industry.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP\u2019s Next Potential Targets<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">According to multiple market observers,<\/span><span data-preserver-spaces=\"true\"> the asset\u2019s price has much more room for growth.<\/span><span data-preserver-spaces=\"true\"> The X user CRYPTOWZRD <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1890577672310264205\/photo\/1\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> that XRP closed the previous day \u201cstrongly bullish,\u201d expecting a further uptrend toward the $3.03 resistance target and beyond.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Others who recently contributed include Ali Martinez and EGRAG CRYPTO. The former <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/major-ripple-xrp-price-predictions-whats-next\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">predicted<\/span><\/a><span data-preserver-spaces=\"true\"> a rise to $3 as long as the price held steady above $2.30.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The latter suggested that \u201ca strong close\u201d above $2.75 could result in a local high of $2.94. \u201cRemember, anything below $3.40 is merely noise in the market,\u201d the analyst added.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ripple-xrp-price-explodes-to-two-week-high-heres-why\/\" rel=\"nofollow\">Ripple (XRP) Price Explodes to Two-Week High: Here\u2019s Why<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR XRP briefly surpassed $2.80, driven by the SEC\u2019s acknowledgment of 21Shares\u2019 XRP ETF application. Analysts predict further gains, with targets ranging from $2.94 to $3.03 if the price maintains momentum above key support levels. The Rally Goes on Ripple\u2019s XRP has been at the forefront of gains in the past few days, outperforming most [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13250","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13250"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13250\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}