Amid the current market volatility, holders of Ripple’s XRP are facing uncertainty as the cryptocurrency has experienced significant price fluctuations recently.
The fluctuation in price can be attributed to the ongoing legal battles involving Ripple and the anticipation surrounding the approval of an XRP Exchange-Traded Fund (ETF) in the United States.
XRP ETF Progress and Recent Developments
The Securities and Exchange Commission (SEC) has given the green light to three XRP ETF applications in quick succession.
Grayscale submitted their XRP ETF application on February 13th, followed by 21Shares a day later on February 14th.
The latest development came on February 18th when Bitwise’s application for an XRP ETF on the Cboe BZX Exchange was acknowledged by the SEC.
With experts upbeat about Ripple due to Donald Trump’s pro-crypto stance, the outlook is positive for traditional investors entering the XRP market through an ETF, causing a potential price surge.
Bloomberg’s James Seyffart predicts a 65% chance of a spot XRP ETF approval by the SEC, while Polymarket data suggests an 81% likelihood of XRP ETF approval by 2025.
XRP Price Movement and Exchange Outflows Totaling $6.32 Million
Despite these advancements, Ripple’s price has remained relatively stable, hovering around $2.66 at the time of writing, with a slight 0.80% decrease in the last 24 hours.
Ongoing price fluctuations have piqued investor interest, indicating a favorable buying opportunity. As reported by Coinglass, there has been a continuous outflow of XRP tokens from exchanges since February 2025.
Industry experts anticipate significant upward momentum for XRP, similar to that of Bitcoin, with data showing consistent outflows and minimal inflows from exchanges over the past month.
Recent data reveals an outflow of $6.32 million worth of XRP tokens from exchanges in the last 24 hours, signaling a potential accumulation phase that could drive prices higher.
Technical Analysis and Price Targets
In addition to the ETF speculation, a cryptocurrency specialist recently shared on X (previously Twitter) that XRP’s daily chart appears promising compared to other leading cryptocurrencies.
The expert believes that XRP is positioned for a substantial positive price movement.
An optimistic prediction suggests that XRP could hit $6 this month, with potential rapid price appreciation should the legal disputes be resolved favorably.
Furthermore, analysis from CryptoCrypto indicates that XRP’s four-hour chart indicates an ascending triangle pattern, hinting at an imminent breakout.
Based on recent price movements and historical data, a breakout above $2.85 could lead to a 30% surge, potentially propelling XRP towards its previous all-time high of $3.40 or beyond.
Despite the bullish forecasts, Ripple’s Average Directional Index (ADX) currently sits at 22, indicating a subdued upward momentum that has hindered a breakout from the pattern.
Once the SEC approves the XRP ETF, Ripple’s price could surpass its previous all-time high, supported by the ongoing accumulation of billions worth of XRP amid market uncertainties.