As the deadline for a decision from the U.S. Securities and Exchange Commission (SEC) approaches, interest in a potential XRP ETF approval is increasing. Firms ProShares and Franklin Templeton continue to work on their applications.
XRP ETF: Expectations and Applications
ProShares and Franklin Templeton have submitted updated applications for ETFs based on XRP and Solana. ProShares is seeking a final ruling by June 25, 2025, while Franklin Templeton's deadline is June 17.
Active XRP Addresses Dynamics
Over the past week, the average number of active addresses on the XRP ledger has reached approximately 295,000, significantly higher than the three-month average of 35,000 to 40,000. This indicates an increase in market interest and usage of the XRP network.
XRP Price Predictions
XRP's price has shown a sharp increase of 7.35% over the last 24 hours, reclaiming a market capitalization of $136.6 billion. The current support level is around $2, and a positive RSI suggests potential for further price increases in the coming days.
The growing interest in XRP ETF, coupled with market activity, could have a positive effect on the token's price. However, uncertainties regarding the SEC's decisions keep investors on edge.
