XRP could double in value over the next three years due in large part to the likely approval of spot XRP ETFs.

The SEC filed a lawsuit against Ripple in 2020, alleging that the initial sale of XRP was an unregistered securities offering. Most of the major crypto exchanges subsequently delisted XRP, making it much more difficult to buy.

Multiple market experts have presented varying timelines for XRP to rally to a new all-time high around the $7 psychological mark. Notably, XRP has continued to trade within the $3 price range, currently changing hands at $3.