The cryptocurrency community is buzzing with anticipation regarding the potential for a spot XRP ETF approval by the SEC. With this possibility, XRP prices are expected to soar, according to industry experts and analysts. The anticipated market capitalization of Ripple could reach as high as $589 billion if a spot ETF is greenlit, potentially placing it second in the crypto market cap race. Analysts point to Bitcoin’s experience with the introduction of a spot ETF, which saw a surge of $6.4 billion in capital inflows and a subsequent 55% price increase, suggesting XRP could follow a similar trajectory. A potential influx of capital into XRP ETFs from financial giants like JPMorgan could further fuel this upward momentum, reaching up to $15 per XRP. While technical indicators highlight significant short-term gains, caution is advised due to market volatility and the presence of weaker trend signals, with the weekly RSI at 57 indicating a strong upward momentum. The coming weeks will likely be crucial for XRP as investor attention remains on the SEC’s decision regarding a spot ETF for XRP. The potential impact on XRP’s valuation could quickly materialize if the SEC approves the request, prompting significant market fluctuations and potentially creating opportunities for both investors and Ripple.