XRP Coin continues to attract attention due to positive market events. With the current price above $2.20 and new ETF approvals, the coin has all chances for further growth.
Impact of SEC Approval on XRP
Recent actions by the U.S. Securities and Exchange Commission (SEC) have sparked interest in XRP. The SEC has greenlit several futures ETFs related to XRP, contributing positively to its market price. While the fate of spot ETF approvals remains uncertain, an optimistic announcement is expected by year’s end, enhancing XRP’s market outlook.
New Products Entering the Market
Among the newly approved products are various ETFs such as the ProShares UltraShort XRP ETF and the ProShares Ultra XRP ETF, allowing traders to engage in both long and short positions in regulated environments. This shift indicates a growing trend where news regarding long or short XRP products will increasingly drive market movements. In addition, many spot XRP Coin ETFs await crucial approval decisions, with a final verdict anticipated by November 2025. Ripple’s recent acquisition of Hidden Road for $1.25 billion will significantly augment its credit network and blockchain services.
Overall Forecast and Perspectives
The size of RLUSD has risen from $293 million to approximately $319 million, with notable trading volume of around $25 million recorded even on a Sunday. As the CME gears up to list options, futures ETFs are set to follow. Ripple is also planning an initial public offering as the market recovers. With the Trump administration aiming to position the U.S. as a cryptocurrency hub, Ripple is well-placed to offer banking services in this sector.
The unfolding situation presents an exceptionally favorable landscape for XRP, suggesting potential for significant upward movement in the near term.
