XRP Price Could Surge to $10 If the SEC Approves a Spot XRP ETF Tomorrow

The XRP price may surge rapidly if the SEC approves a spot XRP ETF tomorrow, pushing the token closer to $10.

A US approval for a spot XRP ETF could propel the token rapidly toward the $10 mark, especially if it occurs tomorrow, as indicated by recent market behavior. A confirmed ETF approval would likely generate significant demand and foster strong bullish momentum for Ripple.

If approved, this development could position XRP as a serious competitor to Ethereum in terms of market capitalization.

JPMorgan previously estimated $8 billion in potential capital inflows into XRP ETFs, a factor that could exert substantial influence on price movements. Analysts often employ the market cap multiplier theory to project that such inflows could propel the XRP price to levels above $15.

At a market cap of around $589 billion, Ripple would become the largest altcoin, surpassing Ethereum. This high valuation is achievable considering the substantial capital flowing into cryptocurrencies.

Moreover, the pattern of initial outflows followed by a surge in later months, as observed with Bitcoin, suggests that a portion of the $6.4 billion in ETF outflows may return to the market, further boosting the token.

Earlier this year, Bitcoin ETFs saw $6.4 billion in inflows over two months, a factor credited with propelling BTC by 55%. If XRP follows a similar trajectory, we can expect to see a gradual increase in the token’s price from $2.51 to $3.90 over the coming weeks.

A breakout appears likely given the recent 5x rally in Ripple’s token between October 2024 and January 2025. The XRP price formed a bull flag pattern, typically associated with the continuation of an uptrend.

If the breakout follows the same magnitude as the previous rally, it could carry the XRP price to levels as high as $17. However, a breakout requires strong momentum, which the Relative Strength Index (RSI) at 57 on the four-hour chart suggests is currently building.

Despite the promise of swift gains, the downward slope in the Average Directional Index (ADX) suggests that the trend remains weak, which may slow the pace of gains.