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.

Why is XRP Price Rising? 7% in a Day

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

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.

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

“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.

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.

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:

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.