XRP’s value is approaching the $3 threshold, driven by rising expectations for a spot exchange-traded fund (ETF) and encouraging progress in Ripple’s ongoing lawsuit with the U.S. Securities and Exchange Commission.
Market momentum intensified following unverified speculation that asset management giant BlackRock might file for an XRP spot ETF, though no official submission has been confirmed. Simultaneously, Ripple secured a favorable development in its legal battle when the SEC withdrew its cross-appeal, potentially smoothing the path for regulatory approval of future XRP-based ETFs.
Existing leveraged XRP ETF products have demonstrated substantial investor interest, with the Teucrium 2X Long Daily XRP ETF accumulating nearly $160 million in assets since its April launch. The ProShares Ultra XRP ETF also reflects strong capital inflows, indicating sustained market confidence.
JPMorgan analysts project that spot XRP ETFs could draw up to $8 billion in institutional investments upon potential approval. Additionally, XRP’s inclusion in proposed mainstream offerings like the ‘Crypto Blue Chip ETF’ signals expanding recognition of the asset’s viability for widespread adoption.