3 Crypto Tokens That Could Explode as ECB Announces 2.25% Interest Rate Cut

The discussions on a potential XRP ETF approval by the US SEC are mounting among the market participants which could drive the crypto price higher. Besides, with the recent leadership change in the US SEC and the pro-crypto sentiment hovering, the discussions have further peaked recently. Amid this, experts have cited the approval as a potential catalyst to drive the XRP price to a new high in the coming days.

XRP ETF Approval: Will It Spark A Price Rally?

The XRP ETF approval discussions are now the talk of the town with the pro-crypto regulatory shift in the US. Besides, experts have said that Ripple’s coin and Solana are now leading the altcoin ETF race, citing key reasons.

Notably, nine firms have already submitted ETF applications for Ripple’s native asset with the US SEC. Though still under review, rumors hint that BlackRock may join the race, a move that could dramatically accelerate momentum.

Meanwhile, the asset management giant controls over $11 trillion in AUM, and its entry could send a strong signal to the market. However, an XRP enthusiast has recently shared why BlackRock has still not moved ahead with such a plan.

Expert Predicts Robust Surge

In a recent podcast, crypto analyst “Good Morning Crypto” said that an XRP ETF could act like a “giant vacuum,” pulling the coin out of circulation. Every ETF investment would move Ripple’s native asset into custodial holdings, tightening supply and sparking demand pressure.

Besides, the analyst highlighted that once these ETFs go live, they could lead to scarcity-driven price growth. With fewer coins circulating and more investors locking in their tokens, the market could experience a classic demand shock.

XRP ETF To Trigger ‘A Perfect Storm’?

Meanwhile, in a bullish scenario, regulatory clarity might arrive by August. If US lawmakers pass new legislation on crypto tax, infrastructure, and stablecoins, it would likely clear the path for businesses to use XRP in daily operations. Once that happens, the analyst suggested, institutional adoption would take off.

Besides, the discussions have further soared with pro-crypto Paul Atkins’ entry as the new US SEC chair. Furthermore, if ETFs start hoarding XRP and companies expect prices to rise, they might start stockpiling tokens early. This kind of behavior mirrors a “front-loading effect” in commodity markets, where future price gains trigger large-scale early buying.

Considering that, the experts have deemed the potential XRP ETF launch as the “perfect storm” for Ripple’s native asset.

What’s Next For XRP Price?

XRP price has recorded strong gains of over 9% today, soaring to the $2.28 mark, with its one-day volume rocketing 131% to $5.56 billion. Notably, this surge also comes amid a broader crypto market recovery, with BTC price soaring past the $93K mark.

Amid this, Sistine Research said that Ripple’s coin is poised to hit between $33 and $50 in the coming days. However, the analyst has cited his target as “conservative” and said that it is based on the historical pattern from 2017.

However, the analyst also noted that a “cup and handle” analysis points towards a massive breakout ahead. According to him, this analysis indicates that XRP price is poised to hit between $77 and $100 in the coming days. Having said that, if XRP ETF gets the green light from the US SEC, the future of the asset’s price might hit new heights.

The post Will XRP ETF Spark A Price Surge? Here’s What to Watch If SEC Says Yes appeared first on CoinGape.

The post XRP Soared 126% After Garlinghouse-Trump Rumors, Will Larsen’s SEC Meeting Do the Same on May 2? appeared first on Coinpedia Fintech News

XRP made headlines in November 2024 when rumors spread about a possible meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump. This speculation sent XRP soaring past $1 for the first time since November 2021.

Even though Garlinghouse officially met with Trump in January 2025, the excitement had already done its job. Between November 26 and December 3, XRP jumped a massive 126%, climbing from $1.28 to $2.91.

Another High-Profile Meeting on the Way

Now, there are speculations that Ripple’s Executive Chairman and co-founder Chris Larsen is set to meet with the new SEC Chair, Paul Atkins, on May 2, 2025. This upcoming meeting has caught the market’s attention, with many hoping it could bring positive news for XRP.

Investors are wondering — will this be the catalyst XRP needs to continue its rally, or will it fall short again?

XRP Testing a Crucial Price Level

At the same time, traders are watching XRP’s chart closely as May kicks off. According to popular market analyst Casitrades, XRP is struggling to stay above an important resistance level at $2.25.

After failing to hold above this price, XRP began forming smaller waves downward. It recently back-tested the $2.25 breakdown and might now be heading for another move down to $2.00.

Short Dip or Major Correction?

If XRP’s price drops with momentum, it could briefly hit $1.90 — a level that hasn’t been tested since its breakout. This zone also lines up with key technical support levels, which could act as a safety net.

However, on shorter timeframes, the Relative Strength Index (RSI) shows the market is exhausted, suggesting that any dip might be temporary before another bounce.

Despite these short-term price movements, the overall outlook for XRP remains positive. If XRP can flip the $2.25 level into support, traders are eyeing future targets at $2.68, $3.00, and beyond.

The post XRP Soared 126% After Garlinghouse-Trump Rumors, Will Larsen’s SEC Meeting Do the Same on May 2? appeared first on Coinpedia Fintech News
XRP made headlines in November 2024 when rumors spread about a possible meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump. This speculation sent XRP soaring past $1 for the first time since November 2021. Even though Garlinghouse officially met with Trump in January 2025, the excitement had already done its job. Between November …

US Treasury Secretary Scott Bessent has again opposed the idea of a Central Bank Digital Currency (CBDC). He stated that he would not favor a move by the Federal Reserve to create one, calling it a sign of weakness.

Scott Bessent Opposes The Fed Creating A CBDC

While testifying before the House appropriations subcommittee, the US Treasury Secretary spoke against the idea of the Fed creating a digital currency. He called it a sign of weakness, noting that digital assets belong in the private sector.

This isn’t the first time that Scott Bessent has spoken against creating a CBDC. During his nomination hearing, he remarked that digital currencies are for countries with no other investment alternatives. The US Secretary also noted that countries like China have considered creating one, but there was no need for the US to create one.

US President Donald Trump has also shown that he doesn’t support the Fed creating a CBDC. Following his inauguration in January, the President signed an executive order prohibiting agencies from working towards establishing and issuing central bank digital currencies.

So far, Jerome Powell and the Fed have shown no indication of creating a CBDC, which Scott Bessent opposes. Instead, the Fed Chair has only called for stablecoin regulations to manage these cryptocurrencies as their use cases increase.

As Coingape reported, the US Senate will likely vote on the stablecoin bill before May 26. If passed, it would become the first major crypto regulation in the US. The US House is still deliberating on its version of the stablecoin legislation at the committee level, with key members like Rep Maxine Waters objecting to the bill.

Meanwhile, the crypto community is still waiting for Scott Bessent and the US Treasury to release their report on the proposed US Strategic Bitcoin Reserve. The Treasury is meant to outline a comprehensive plan for managing this reserve using the seized assets.

The post Treasury Secretary Scott Bessent Calls FED CBDC – ‘Sign Of Weakness’ appeared first on CoinGape.