XRP is nearing an important mark, and analysts are managing forecasts for the near future. This article looks at both key price levels and recent SEC actions.
Analysis of XRP's Breakout Potential
Analysts highlight key levels for XRP which could突破 the $3.30 mark. According to EGRAG CRYPTO, a monthly close above this mark could act as a catalyst for breakout. They outlined three possible scenarios: optimistic, average, and conservative, all setting a target at $5.00 if momentum follows historical trends.
New SEC ETF Decision Delay
The U.S. Securities and Exchange Commission confirmed a delay in its review of Nasdaq's proposal to list and trade the Coinshares XRP ETF. The original deadline of August 24 has now been extended to October 23, 2025. The regulator stated that this extension was necessary to review new comments and assess the proposed rule changes.
Gemini Support and Ripple Partnerships
Gemini has filed to go public on Nasdaq with financial backing from Ripple. This marks an important step in the company's expansion strategy. Analysts note that Ripple's involvement could strengthen investor confidence in the listing. Additionally, Ripple CEO Brad Garlinghouse disclosed meetings with Uber and Amazon to integrate XRP payments.
In conclusion, XRP is at an important crossroad towards a potential breakout, and recent events with the SEC and Ripple's support in Gemini's IPO highlight the growing significance of this cryptocurrency in institutional relationships.
