Ripple launched XRP Ledger in 2012, with its token XRP used for fast and low-cost international transfers. The asset currently has a market capitalization of $143 billion, but it could see significant growth in 2025 if its “Bitcoin moment” arrives.

In 2024, the SEC approved spot Bitcoin ETFs, leading to a doubling of Bitcoin’s price. Now, the regulator is reviewing applications for XRP ETFs from 21Shares, Bitwise, Canary Capital, and WisdomTree. If approved, demand for the token could surge.

Ripple has been in a legal battle with the SEC since 2020. In 2023, a court ruled that XRP traded on exchanges is not a security, and in 2024, Ripple was fined $125 million instead of the $2 billion the SEC initially demanded. However, the commission appealed, and the case continues.

Some analysts believe the SEC may drop the lawsuit. In 2023, news of Ripple’s partial victory led to a 70% surge in XRP within a week. If the case is resolved and ETFs get approval, the token’s price could rise sharply.