The U.S. Securities and Exchange Commission is preparing to rule on spot XRP exchange-traded fund applications submitted by ProShares and Franklin Templeton. This regulatory decision represents a pivotal moment for XRP’s integration into traditional finance, potentially unlocking new institutional adoption pathways and market liquidity.
Approval would mark XRP’s debut in the U.S. regulated ETF market, a milestone currently generating significant investor anticipation. Market indicators reflect growing confidence, with XRP’s daily active addresses surging to 295,000 and wallets holding over 1 million tokens exceeding 2,700.
Recent trading activity shows a 7.35% price rebound within 24 hours, elevating XRP’s market capitalization to $136.6 billion. Trading volumes spiked 148.09% to $3.74 billion, supported by bullish technical indicators including sustained positioning above the 200-day exponential moving average.
Analysts project approval could propel XRP toward the $2.57-$3.00 range, while rejection might trigger a correction toward support levels at $2.14, $2.00, or $1.94. The ruling’s outcome will critically influence XRP’s institutional credibility and its role in conventional financial systems.
This regulatory verdict stands as a watershed event for cryptocurrency market structure, with implications for liquidity enhancement and broader digital asset acceptance within regulated investment vehicles.