XRP’s price grew by 14% over the past two weeks, but the popular remittance altcoin continues to dwell slightly below the $2.30 resistance line. Last week, Ripple, the original issuer of the XRP coin, applied for a United States-regulated banking license to bolster the RLUSD stablecoin adoption.
ETF Approval Odds Erupt to 95%: XRP Price To Follow?
Meanwhile, the crypto crowd continues to await decisions from multiple Ripple exchange-traded funds (ETFs), which the Securities and Exchange Commission (SEC) is considering for listing in traditional stock markets.
With most of these XRP ETFs, the decision deadline is late October. Three months to go, both retail crypto traders & financial heavyweights share the same optimistic sentiment.
With 95% of approval odds by the end of 2025 on Polymarket, the poll participants fall in line with Bloomberg’s top ETF analysts James Seyffart & Eric Balchunas. These analysts also give a 95% chance of this happening in 2025, as the United States (USA) government has been working on a regulatory shift.
Regulatory Wins Come In Multiples For Ripple In 2025
In a recent interview with CNBC, 1789 Capital Partner Donald Trump Jr. explained how the famous family would be declined loans due to political scrutiny, alleging that political opponents intended to de-bank the Trump family. Coincidence or not, Ripple’s (XRP) price hit a yearly high of $3.31 hours ahead of inauguration.
The theory that the Presidential family went all-in on crypto is strengthened with a specialized crypto task force in the SEC, while the new Chair Paul Atkins squashed conflicts with multiple crypto firms that previously were in the punitive area.
Besides, the regulatory switch from punishment towards cooperation was noticed by Ripple’s CEO Brad Garlinghouse, who is also pretty sure of an XRP ETF launch this year. However, the high-profile SEC vs. Ripple case isn’t finished yet, which builds extra hurdles for the altcoin’s ETF regulatory clearance.
On The Flipside
- Grayscale’s mixed crypto ETF got postponed once again last week after an initial approval.
- This ETF product includes a major stake of Bitcoin, as well over 10% of Ethereum (ETH).
- Including 4.63% XRP, this miscellaneous crypto ETF could be a catalyst for altcoin season.
Why This Matters
Regulatory wins tend to eventually reflect on the crypto’s market value, while ETF trading allows investors to invest into the altcoin within a safely-regulated environment.
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People Also Ask:
XRP reaching $100 is a hopeful goal for investors, driven by its use in fast, low-cost global payments, but it’s speculative and depends on market trends.
A Ripple-based ETF (exchange-traded fund) could let people invest in XRP without owning it directly, potentially boosting demand and price.
XRP’s price faces ups and downs due to market volatility and legal battles, making its $100 goal uncertain.
XRP was created by Ripple, a company focused on improving cross-border payments using blockchain tech.
XRP, like all crypto, is risky. Only invest what you can afford to lose, and research trusted blockchain platforms.
