After the launch of Spot Bitcoin ETFsBitcoin (BTC) has seen a dramatic price increase to new all-time highs, raising questions about the potential launch of a XRP ETF could drive the cryptocurrency’s price to a record high of $20.

Ripple Settlement Could Spark an XRP ETF

The almost four-year legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) is nearing its final stages, with the Court Orders Ripple to Pay $125 Million in civil penalties to settle the case with the SEC. While Judge Analisa Torres clarified that XRP is not considered a security, the ruling also provided much-needed legal clarity for XRP and the broader crypto space.

Of Ripple’s regulatory status has now been resolvedit could pave the way for an XRP ETF. Kashif Raza, the founder of Bitnning, has also expressed optimistic expectations for the possible launch of new XRP ETF applications.

In an X (formerly Twitter) afterRaza announced that while the sale of XRP to institutional investors in violation of securities lawsselling to retail investors does not violate any laws. The founder of Bitnning sees this differentiation as a positive development for the XRP community.

Crypto enthusiast Amelie shares similar expectations of an XRP ETF noticed that Ripple’s new regulatory clarity could pave the way for an XRP ETF between 2024 and 2025. Additionally, crypto analyst Tony Edward declared that the chance of an XRP ETF has increased enormously.

Despite Ripple’s legal victory, Edward revealed that the XRP market is not in a bullish sentiment phase at the moment. However, the analyst acknowledges that XRP now has a clear path for a bullish start as the market progresses. He stressed that when the cryptocurrency regains its bullish momentum, it will be free from the dark cloud of lawsuits and legal challenges.

Can an ETF Push XRP Price to $20?

Following the settlement and the court ruling that XRP is not a security, price of cryptocurrency rose above 25%, crossing the $0.6 threshold and getting closer to $0.7. The legal solution has the speculations about the potential introduction of an XRP ETF, which could have a significant impact The Value of XRP.

Whereas Bitcoin Hits New Record Highs After the launch of his ETF, it is plausible that XRP could reach $20 if an ETF is launched. Edward shares similar bullish sentiments and has set a more conservative bullish target for XRP in the event of a ETF launchThe analyst predicts that XRP could rise between the price of $4 and $8.

In contrast, crypto analyst and BitTrue ambassador Brett Hill has is considering a $4 to $10 target for XRP to be overly pessimistic. He shared a more optimistic forecast for XRP, predicting that the cryptocurrency could reach between $18 and $20 within the next one to six months.

Main image created with Dall.E, chart from Tradingview.com