The XRP community is constantly on the lookout for factors that could build momentum for XRP’s price trajectory. A recent tweet by a community member suggests that something huge might happen this week that could propel XRP’s value to new heights.
On this basis, analysts are already predicting a bullish outcome, forecasting XRP’s price to jump as high as $4 in the short term. The speculation feeds on the possibility of an XRP ETF approval this week given an SEC deadline to make its decision.
Major Development Coming?
In a recent post on X (formerly Twitter), Majeed KSA, an active member of the XRP community highlighted several developments that relate to XRP and Ripple Labs. His tweet, which was viewed by over 300k people, suggests that XRP could experience a major price surge by the end of this week.
KSA, in his tweet, highlighted six important events that support his opinion. First, he highlighted Ripple’s CEO, Brad Garlinghouse’s cryptic tweet that showed a clock sign for all XRP ETFs.
Garlinghouse tweeted an alarm clock on February 7 alongside an article that referenced the Cboe BZX Exchange ETF filing. The tweet created a buzz within the XRP community as members speculated that it translates to an imminent approval of the ETF products.
Secondly, KSA pointed out the CFTC’s recent decision on stablecoin, admitting that stablecoins can be used immediately as collateral without any necessary regulatory changes. This development could increase the adoption of such assets which Ripple’s RLUSD falls under.
KSA’s third point revolves around the SEC’s deadline for XRP ETF approval. As per a previous report, the regulatory body is set to make decisions on multiple submitted XRP ETF filings by February 13. If these products are approved, it could open the door for large institutional funds flowing into XRP as was the case for Bitcoin and Ethereum.
Next, KSA highlighted a Ripple riddle that has circulated across the XRP community hinting at a major event happening on February 14. The riddle shows three mountains painted green, purple, and yellow with numbers written on each of them. The middle mountain (in purple) has the number 14 written on it enclosed in a heart sign, hinting at a significant event possibly happening on that day.
Source: Majeed KSA/X
Lastly, KSA highlighted a recent comment by attorney Jeremy Hogan who talked about the possibility of the SEC settling the Ripple lawsuit before the approval of a spot XRP ETF. Hogan opined that the long-running lawsuit must come to an end before an XRP ETF could hit the market.
The comment sparked speculations, as community members guessed that a resolution might come sooner than expected.
XRP’s Short-Term Projection if Major Development Unfolds
Amid the growing speculation within the XRP community, analysts are forecasting bullish outcomes for the coin in the short term. A recent report by 36crypto suggested that XRP could surge as high as $5 to $8 if a major development unfolds.
The most likely driver that could move XRP to this price level would be a favorable settlement in the Ripple vs. SEC lawsuit. At the time of writing, XRP traded at $2.45 representing a 0.58% decline in the last 24 hours. A jump to the projected levels would require a surge of over 100%.
As events unfold the entire community is patiently watching how XRP will react in the coming days.
