• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP on the Horizon of Spot ETF Approval: What to Expect

user avatar

by Giorgi Kostiuk

7 hours ago


Discussions regarding the approval of a Spot ETF for XRP are back in focus. This event could significantly impact the market and currency prices.

Discussion on XRP Spot ETF Approval

In a recent interview with Thinking Crypto, Bitwise CIO Matt Hougan noted that potential approval for XRP and Solana ETFs might occur soon, possibly as early as July, with official deadlines for many applications set in October. More than ten XRP ETF applications are currently awaiting review, including those from Bitwise, Grayscale, Franklin Templeton, 21Shares, and Canary.

Analysis of Current Market Levels

On the technical side, XRP’s price is holding steady with increased buying interest. Ripple’s move to apply for a U.S. national bank license might strengthen its long-term outlook, but it hasn’t driven a big short-term rally yet. The $2.26 to $2.45 zone is crucial; a break above this range could open the path for a larger move. However, today’s U.S. economic reports, including unemployment and inflation data, may affect market sentiment.

Price Predictions for XRP

Analyst Casi Trades has set her targets for XRP. She expects the price to hit at least $6.50, with plans to sell part of her position around $8. If XRP crosses $13, she believes it could reach as high as $26 by the end of 2025. When asked if XRP could hit $20 within the next 18 months, Casi stated that it’s possible if the coin can maintain its strength during the next big rally.

XRP’s next significant move depends on two factors: ETF decisions and upcoming market data. If ETF approvals arrive in the coming weeks, XRP may be on track for one of its biggest price surges in years.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Stablecoin Regulation in Bahrain: A Significant Step for Digital Assets

chest

The Central Bank of Bahrain has introduced a new stablecoin regulation aimed at ensuring transparency and security in the digital asset landscape.

user avatarGiorgi Kostiuk

Airdrops as a Tool for Promoting Decentralized Data Storage

chest

Airdrops play a crucial role in popularizing decentralized storage solutions like Filecoin and Arweave.

user avatarGiorgi Kostiuk

NFT Campaign by ChainGPT and Cronos: 'Chain Reaction with Cronos'

chest

ChainGPT and Cronos launch an NFT art campaign inviting creators to produce unique digital collectibles.

user avatarGiorgi Kostiuk

Ildar Ilham, founder of WhiteRock, arrested in UAE for involvement in $30 million ZKasino scam

chest

Ildar Ilham, founder of WhiteRock, has been arrested in the UAE for his role in the ZKasino scam, which left investors with a $30 million loss.

user avatarGiorgi Kostiuk

Wall Street Remains Optimistic Ahead of Potential Fed Rate Changes

chest

Optimism on Wall Street persists even as potential delays in Federal Reserve interest rate cuts loom over the markets.

user avatarGiorgi Kostiuk

Crypto Tax Bill: Changes for Users and Investors

chest

Senator Cynthia Lummis proposed a bill that alters tax rules for cryptocurrency users and miners.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.