Why Is XRP Going Up? XRP News on Brazil’s Spot XRP ETF Drives Price and Predictions Higher
XRP has
surged nearly 7%, making it the strongest-performing cryptocurrency over the
past 24 hours. This rally is driven by news of ongoing work on the world’s
first spot XRP ETF, set to debut soon in Brazil.
Let’s take
a closer look at why XRP’s price is rising, the latest XRP news, and what
analysts predict for XRP in 2025 and beyond.
On February
19, 2025, XRP’s price
surged, closing at $2.7408, up from an opening price of $2.5590, adding 7% to
its value in a single session. The primary reason for this increase was the
announcement of Brazil launching the world’s first spot XRP ETF, named HASHDEX
NASDAQ XRP FUNDO DE ÍNDICE.
Você compraria um ETF de #XRP? pic.twitter.com/wlW4zgqW4v
— Cointelegraph Brasil (@BrCointelegraph) February 19, 2025
Today,
Thursday, February 20, 2025, the price of XRP is undergoing a slight
correction, dropping 2% to $2.68. However, it remains close to its November
highs.
XRP price today. Why is XRP going up? Source: CoinMarketCap.com
Impact on XRP Price
The price
movement on February 19, 2025, was evident from historical data:
- Open Price: $2.5590
- High: $2.7440
- Low: $2.5174
- Close: $2.7408
- Volume: 5,175,151,198
Over the
past 24 hours, XRP has risen by 4.6%, outperforming its competitors. Bitcoin is
currently priced at just under $97,000, gaining 1.2% over the same period.
Ethereum (ETH) is trading at $2,700, up 0.5%. At the moment, none of the top
tokens are seeing larger gains than XRP.
XRP News: Brazil to Launch
First Spot XRP ETF
The new
ETF, approved by the Comissão de Valores Mobiliários (CVM), Brazil’s securities
regulator, is managed by Genial Investmentos and will be listed on Brazil’s B3
exchange. This move is significant as it provides a regulated investment
vehicle for XRP, potentially attracting more institutional investors and
increasing demand.
The ETF,
approved by Brazil’s Comissão de Valores Mobiliários (CVM), marks a historic
moment for XRP. Details include:
- ETF Name: HASHDEX NASDAQ XRP FUNDO DE
ÍNDICE - Regulator: Comissão de Valores
Mobiliários (CVM) - Approval
Status: Approved - Fund
Administrator: Genial Investmentos - Trading
Exchange: Brazil’s B3 exchange - Official Start Date: Expected to be released soon
- CVM Website for Fund Details: CVM Fund
Details
Silvio Pegado, Managing Director of Ripple in Latin America
“XRP is a
natural choice for an ETF due to its real-world utility, growing institutional
demand and its overall market cap,” Silvio Pegado, Managing Director of Ripple
in Latin America, told Portal do Bitcoin.
Interestingly,
while the Brazil ETF launch is a major driver, other factors like ongoing legal
battles with the SEC and Ripple’s expanding partnerships also play a role in
XRP’s price dynamics. The ETF’s approval could mark a new era for XRP,
potentially leading to further price appreciation as more investors gain
confidence.
This
development is significant as it provides a regulated way for investors to gain
exposure to XRP without directly purchasing the cryptocurrency, potentially
attracting institutional investors and increasing demand. The announcement on
February 19, 2025, coincided with the price surge, suggesting a direct
correlation.
It is worth
noting that in the meantime, CME
launched Solana and XRP futures.
Technical Analysis: The 2nd
Best Day in a Month
Over the
past 30 days, XRP
has surged this strongly only once—on February 14—when it tested the $2.84
level, which now serves as a local resistance. So, what’s the current
situation on the XRP/USDT chart?
Just like
on other crypto charts, consolidation dominates. Right now, XRP is battling the
Valentine’s Day resistance, which aligns with the 23.6% Fibonacci retracement.
This zone, along with the psychological $2 level (50% Fibo), defines the
current sideways movement that’s been in play since late November. Before that,
there’s another support at $2.28 (38.2% Fibo). The chart below shows how XRP
has been reacting to Fibonacci levels over the past few months.
XRP price technical analysis. How high can XRP go? Source: Tradingview.com
For me, the
key support zone ranges from $1.80 (the February 3 low) down to $1.50 (the
November 2024 high), where the 200 EMA and 61.8% Fibonacci retracement also
come into play. I don’t see sellers having the strength to break through this
zone, so any moves toward it can be used as buying opportunities for cheaper
XRP.
On the flip
side, if XRP/USDT breaks through the current resistance, it opens the door for
a move toward $3.35—the yearly high tested in early January.
This data
and 200 EMA indicate a clear upward trend, likely fueled by the ETF news. The
ETF’s approval is seen as a stamp of legitimacy, reducing regulatory
uncertainty and boosting investor confidence.
Resistance | Support |
$2.84 – Local resistance from Feb 14, aligned | $2.28 – |
$2.68 – Current resistance zone being tested | $1.80 – Key support zone with 200 EMA and |
$1.50 – Lower support within the key support |
Other XRP Influential
Factors
While the
Brazil ETF launch is the primary driver, other factors may have contributed:
- Legal Developments: Ripple’s ongoing
legal battle with the SEC has been a significant factor. Positive outcomes,
such as the ruling declaring XRP not a security, have historically boosted
prices. Further clarity or settlements could continue to influence XRP’s value. - Adoption and Partnerships: Ripple’s expansion of its payment
network and partnerships with financial institutions, such as Santander and
American Express, increase demand for XRP, supporting its price. - Market Sentiments: General bullish trends in the crypto market,
as seen in recent analyses, can lift XRP alongside other major
cryptocurrencies.
XRP Price Prediction 2025
and 2030
The 2025
forecast ranges from $3 to $5.40, with Cryptopolitan predicting the highest at
$5.40. For 2030, forecasts vary widely, from a minimum of $8.37
(Priceprediction.net) to a maximum of $48.03 (Telegaon), reflecting diverse
expectations based on adoption and market conditions.
For 2025
and 2030, here’s a comprehensive table from popular analysts and institutions:
Source | 2025 | 2030 |
Cryptonews (CryptoNewsZ) | $3–4 | – |
Cryptopolitan | $5.40 | $18.61–$20.41 (avg $19.51) |
Priceprediction.net | $4.62 | $8.37–$12.05 (avg $10.21) |
Changelly | – | $20.15–$23.99 (avg $20.87) |
CoinPedia | – | $30 |
DigitalCoinPrice | – | $15.1–$17.31 |
PricePrediction | – | $27.68–$34.48 |
Telegaon | – | $36.86–$48.03 |
XRP Price Forecast, FAQ
Why Is XRP Going Up in
Value?
On February
19, 2025, XRP’s price surged, closing at $2.7408, up from $2.5590, primarily
due to Brazil’s approval of the world’s first spot XRP ETF, HASHDEX NASDAQ XR
P FUNDO DE ÍNDICE. This ETF, managed by Genial Investmentos and set to trade on
Brazil’s B3 exchange, offers a regulated way for investors to gain exposure to
XRP, boosting demand and investor confidence. This development is significant
as it could attract more institutional investors, potentially driving the price
higher.
Is XRP Expected to
Skyrocket?
Analysts
have varying forecasts for XRP’s future. For 2025, prices are expected to
range from $2.62 to $4.96, depending on the source, suggesting moderate growth.
While some predict a significant rise, “skyrocketing” would depend on
widespread adoption and favorable market conditions, which are not guaranteed
but possible given the ETF launch and regulatory shifts.
Will XRP Reach $5?
Yes, it’s
possible XRP could reach $5, with some forecasts like Cryptopolitan predicting
a high of $4.96 by the end of 2025 and others like Priceprediction.net
averaging at $4.62. Given the current trends and ETF approval, reaching $5
seems within reach, especially with continued positive developments.
Will XRP Reach $100?
Reaching
$100 is highly speculative and would require extraordinary growth, far beyond
current forecasts. While long-term predictions for 2030 range from $9 to
$55.78, hitting $100 would need massive adoption and market shifts, making it
unlikely in the near term but not impossible in a very bullish scenario.
XRP has
surged nearly 7%, making it the strongest-performing cryptocurrency over the
past 24 hours. This rally is driven by news of ongoing work on the world’s
first spot XRP ETF, set to debut soon in Brazil.
Let’s take
a closer look at why XRP’s price is rising, the latest XRP news, and what
analysts predict for XRP in 2025 and beyond.
On February
19, 2025, XRP’s price
surged, closing at $2.7408, up from an opening price of $2.5590, adding 7% to
its value in a single session. The primary reason for this increase was the
announcement of Brazil launching the world’s first spot XRP ETF, named HASHDEX
NASDAQ XRP FUNDO DE ÍNDICE.
Você compraria um ETF de #XRP? pic.twitter.com/wlW4zgqW4v
— Cointelegraph Brasil (@BrCointelegraph) February 19, 2025
Today,
Thursday, February 20, 2025, the price of XRP is undergoing a slight
correction, dropping 2% to $2.68. However, it remains close to its November
highs.
XRP price today. Why is XRP going up? Source: CoinMarketCap.com
Impact on XRP Price
The price
movement on February 19, 2025, was evident from historical data:
- Open Price: $2.5590
- High: $2.7440
- Low: $2.5174
- Close: $2.7408
- Volume: 5,175,151,198
Over the
past 24 hours, XRP has risen by 4.6%, outperforming its competitors. Bitcoin is
currently priced at just under $97,000, gaining 1.2% over the same period.
Ethereum (ETH) is trading at $2,700, up 0.5%. At the moment, none of the top
tokens are seeing larger gains than XRP.
XRP News: Brazil to Launch
First Spot XRP ETF
The new
ETF, approved by the Comissão de Valores Mobiliários (CVM), Brazil’s securities
regulator, is managed by Genial Investmentos and will be listed on Brazil’s B3
exchange. This move is significant as it provides a regulated investment
vehicle for XRP, potentially attracting more institutional investors and
increasing demand.
The ETF,
approved by Brazil’s Comissão de Valores Mobiliários (CVM), marks a historic
moment for XRP. Details include:
- ETF Name: HASHDEX NASDAQ XRP FUNDO DE
ÍNDICE - Regulator: Comissão de Valores
Mobiliários (CVM) - Approval
Status: Approved - Fund
Administrator: Genial Investmentos - Trading
Exchange: Brazil’s B3 exchange - Official Start Date: Expected to be released soon
- CVM Website for Fund Details: CVM Fund
Details
Silvio Pegado, Managing Director of Ripple in Latin America
“XRP is a
natural choice for an ETF due to its real-world utility, growing institutional
demand and its overall market cap,” Silvio Pegado, Managing Director of Ripple
in Latin America, told Portal do Bitcoin.
Interestingly,
while the Brazil ETF launch is a major driver, other factors like ongoing legal
battles with the SEC and Ripple’s expanding partnerships also play a role in
XRP’s price dynamics. The ETF’s approval could mark a new era for XRP,
potentially leading to further price appreciation as more investors gain
confidence.
This
development is significant as it provides a regulated way for investors to gain
exposure to XRP without directly purchasing the cryptocurrency, potentially
attracting institutional investors and increasing demand. The announcement on
February 19, 2025, coincided with the price surge, suggesting a direct
correlation.
It is worth
noting that in the meantime, CME
launched Solana and XRP futures.
Technical Analysis: The 2nd
Best Day in a Month
Over the
past 30 days, XRP
has surged this strongly only once—on February 14—when it tested the $2.84
level, which now serves as a local resistance. So, what’s the current
situation on the XRP/USDT chart?
Just like
on other crypto charts, consolidation dominates. Right now, XRP is battling the
Valentine’s Day resistance, which aligns with the 23.6% Fibonacci retracement.
This zone, along with the psychological $2 level (50% Fibo), defines the
current sideways movement that’s been in play since late November. Before that,
there’s another support at $2.28 (38.2% Fibo). The chart below shows how XRP
has been reacting to Fibonacci levels over the past few months.
XRP price technical analysis. How high can XRP go? Source: Tradingview.com
For me, the
key support zone ranges from $1.80 (the February 3 low) down to $1.50 (the
November 2024 high), where the 200 EMA and 61.8% Fibonacci retracement also
come into play. I don’t see sellers having the strength to break through this
zone, so any moves toward it can be used as buying opportunities for cheaper
XRP.
On the flip
side, if XRP/USDT breaks through the current resistance, it opens the door for
a move toward $3.35—the yearly high tested in early January.
This data
and 200 EMA indicate a clear upward trend, likely fueled by the ETF news. The
ETF’s approval is seen as a stamp of legitimacy, reducing regulatory
uncertainty and boosting investor confidence.
Resistance | Support |
$2.84 – Local resistance from Feb 14, aligned | $2.28 – |
$2.68 – Current resistance zone being tested | $1.80 – Key support zone with 200 EMA and |
$1.50 – Lower support within the key support |
Other XRP Influential
Factors
While the
Brazil ETF launch is the primary driver, other factors may have contributed:
- Legal Developments: Ripple’s ongoing
legal battle with the SEC has been a significant factor. Positive outcomes,
such as the ruling declaring XRP not a security, have historically boosted
prices. Further clarity or settlements could continue to influence XRP’s value. - Adoption and Partnerships: Ripple’s expansion of its payment
network and partnerships with financial institutions, such as Santander and
American Express, increase demand for XRP, supporting its price. - Market Sentiments: General bullish trends in the crypto market,
as seen in recent analyses, can lift XRP alongside other major
cryptocurrencies.
XRP Price Prediction 2025
and 2030
The 2025
forecast ranges from $3 to $5.40, with Cryptopolitan predicting the highest at
$5.40. For 2030, forecasts vary widely, from a minimum of $8.37
(Priceprediction.net) to a maximum of $48.03 (Telegaon), reflecting diverse
expectations based on adoption and market conditions.
For 2025
and 2030, here’s a comprehensive table from popular analysts and institutions:
Source | 2025 | 2030 |
Cryptonews (CryptoNewsZ) | $3–4 | – |
Cryptopolitan | $5.40 | $18.61–$20.41 (avg $19.51) |
Priceprediction.net | $4.62 | $8.37–$12.05 (avg $10.21) |
Changelly | – | $20.15–$23.99 (avg $20.87) |
CoinPedia | – | $30 |
DigitalCoinPrice | – | $15.1–$17.31 |
PricePrediction | – | $27.68–$34.48 |
Telegaon | – | $36.86–$48.03 |
XRP Price Forecast, FAQ
Why Is XRP Going Up in
Value?
On February
19, 2025, XRP’s price surged, closing at $2.7408, up from $2.5590, primarily
due to Brazil’s approval of the world’s first spot XRP ETF, HASHDEX NASDAQ XR
P FUNDO DE ÍNDICE. This ETF, managed by Genial Investmentos and set to trade on
Brazil’s B3 exchange, offers a regulated way for investors to gain exposure to
XRP, boosting demand and investor confidence. This development is significant
as it could attract more institutional investors, potentially driving the price
higher.
Is XRP Expected to
Skyrocket?
Analysts
have varying forecasts for XRP’s future. For 2025, prices are expected to
range from $2.62 to $4.96, depending on the source, suggesting moderate growth.
While some predict a significant rise, “skyrocketing” would depend on
widespread adoption and favorable market conditions, which are not guaranteed
but possible given the ETF launch and regulatory shifts.
Will XRP Reach $5?
Yes, it’s
possible XRP could reach $5, with some forecasts like Cryptopolitan predicting
a high of $4.96 by the end of 2025 and others like Priceprediction.net
averaging at $4.62. Given the current trends and ETF approval, reaching $5
seems within reach, especially with continued positive developments.
Will XRP Reach $100?
Reaching
$100 is highly speculative and would require extraordinary growth, far beyond
current forecasts. While long-term predictions for 2030 range from $9 to
$55.78, hitting $100 would need massive adoption and market shifts, making it
unlikely in the near term but not impossible in a very bullish scenario.
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