Pro-crypto attorney Jeremy Hogan believes that the legal battle between Ripple and the SEC will come to an end before an XRP exchange-traded fund (ETF) is approved. Nasdaq recently sought approval to list the CoinShares XRP ETF. XRP's price has seen a 2.8% increase in the last 24 hours and has gained about 7% over the past three days. The price movement is closely tied to the ongoing legal proceedings between Ripple and the SEC. Hogan predicts a resolution before a potential XRP ETF approval in 2025. Financial firms like Grayscale, WisdomTree, Bitwise, 21Shares, and CoinShares have filed for ETFs. Bettors have placed an 81% chance on the approval of an XRP ETF in 2025, but only 44% predict approval in the first half of this year. XRP's technical chart shows positive market sentiment, with immediate resistance expected around $2.55. Failure to break through could lead to a pullback to lower levels. The RSI and MACD indicate relatively balanced market sentiment and weak bullish momentum, respectively.



Other News from Today