XRP ETF Rumors Swirl as BlackRock Pressures SEC, Ripple Drops Cross Appeal
2025-06-30 10:09:34
Main Idea
Speculation about a potential XRP ETF approval by the SEC, driven by BlackRock's pressure and Ripple's legal developments, has caused price volatility in XRP.
Key Points
1. BlackRock is reportedly pressuring the SEC for XRP ETF approval as early as Monday.
2. XRP price spiked to $2.22 on ETF hype but retraced to $2.18 as traders took profits.
3. Ripple CEO Brad Garlinghouse announced dropping the cross-appeal, expecting the SEC to do the same, which could pave the way for ETF approval.
4. Analysts and community members debate the legal timeline, noting that the SEC must still vote on dropping its appeal.
5. XRP's price movement follows a typical pattern seen with ETF-related rumors, showing initial surges followed by profit-taking.
Description
BlackRock is reportedly pressuring the SEC for XRP ETF approval as early as Monday. Ripple drops cross-appeal and expects the SEC to also abandon its appeal soon. XRP price spikes on ETF hype but shows a typical retracement as traders take profits. Speculation around a potential XRP exchange-traded fund has intensified following reports that BlackRock is pressuring the Securities and Exchange Commission to approve spot XRP ETFs as early as Monday. Analyst John Squire shared the rumor on X while ...
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