The story of Ripple (XRP) is that of a regulatory fight that has kept the whole crypto industry in suspense. After years of arms with the Securities and Exchange Commission (SEC), an unexpected change has just shaken the market: the American regulator has officially recognized the requests of ETF XRP and Dogecoin filed by Grayscale. Is it a simple administrative procedure? Perhaps, but for investors, this signal was enough to propel the price of XRP by 20 % in a few days, with an open interest which now flirts with the $ 4 billion. Behind this outbreak, the whole future of ETF Altcoins is playing out, and the traders closely monitor the next decisions of regulators.
A wave of optimism after the recognition of the dry
The dry recognition of the deposits of ETF XRP and Dogecoin by Grayscale has instantly caused a euphoria on the market. In a context where ETF requests on altcoins have systematically been rejected in recent years, this decision has been interpreted as a relaxation of the regulator's position. Eric Balchunas, analyst at Bloomberg Intelligence, underlines In a publication on the platform X (ex Twitter) on February 10, 2025 that “it is a good sign for these altcoins, which so far saw itself systematically summoned to withdraw their requests from their filing. This slightly increases our chances of approval ”.
As of this announcement, the XRP jumped 7 % in one day, which leads to an explosion in exchange volumes and a renewed interest in institutional investors. The token has thus seen its capitalization reach $ 157.8 billion, which consolidates its place among the largest cryptos on the market. This rally is not based solely on short -term speculation: it is part of an upward trend supported by a change in regulatory dynamics. With Donald Trump at the White House and his promises of a more favorable framework for cryptos, investors anticipate a relaxation of restrictions on ETF Altcoins.
XRP at 3 dollars? The derivative market sends clear signals
Behind the flambé of the XRP, a key indicator attracts the attention of analysts: the Open Interest, which measures the positions open on the derivative markets, has skyrocketed. Between February 11 and 13, it increased from 3.5 billion to $ 3.8 billion, which reflects a rise in investors who bet on a pursuit of the Haussier movement. An open interest generally indicates an injection of fresh capital and an increase in the confidence of traders as to the evolution of the price.
Graphically, the XRP shows technical signs of upward prosecution. Its price evolves in a pennant bullish, a strong signal of continuation of the trend. The MACD begins a bullish divergence, which suggests a new impetus towards the key resistance of the 3 dollars. However, in the event of withdrawal, the levels to be monitored are around 2.50 dollars, a critical threshold which could determine the prosecution or breath of the rally.
The growing interest in ETF on altcoins testifies to a deep transformation of the Crypto market. If the official approval of the ETF XRP and Dogecoin remains hypothetical, the recognition of deposits by the dry constitutes a major turn. A green light to these products could open the door to a massive institutional adoption, like what happened with the Bitcoin ETF. But, everything has not yet been played. Political and regulatory pressures remain a key factor, and the next dry decisions will be closely scrutinized. For the moment, the Crypto market is preparing for a potential wave of ETF Altcoins which could redraw the capital flows and consolidate the place of the XRP among the essential cryptos.
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