Will XRP Reach $5 Today? ETFs and SEC Agreement Highlighted
Will XRP Reach $5 Today? ETFs and SEC Agreement Highlighted
XRP rose 0.42% to $2.1916 on April 26, matching the $2.92 trillion crypto market size.
On April 30, ProShares is launching three XRP Futures ETFs, increasing investor interest.
A successful Ripple litigation settlement and SEC appeal withdrawal may determine XRP-spot ETF certification.
Launch of ProShares XRP ETFs Following Legal Breakthroughs
Investors anticipate an XRP market game-changer. XRP rose 0.42% to $2.1916 on Saturday, on April 26, largely correcting Friday’s 1.03% drop. The coin increased 0.31% with the crypto market, raising the market worth to $2.92 trillion.
XRP ETF updates boosted XRP demand. ProShares will introduce three XRP Futures ETFs on Wednesday afternoon, April 30. The ProShares UltraShort, Ultra, and Short XRP ETFs will provide investors with views on XRP price trends with owning the cryptocurrency.
Expanding Futures ETFs show regulatory support for XRP as a stock class. Importantly, investors may use the futures market to launch an XRP-spot ETF.
SEC Appeal Withdrawal Key to XRP-Spot ETF Approval
XRP-spot ETF approvals depend on an SEC appeal submission and Ripple case settlement, notwithstanding futures ETF demand. Investors expect an SEC court filing seeking Judge Torres to remove the injunction prohibiting institutional XRP sales and lessen the $125 million fine as a component of a settlement.
Recent developments were noted by Ripple Legal Director Stuart Alderoty:
Legal Actions and ETF Progress Affect XRP Price
What happens next depends on whether the SEC withdraws the appeal, the details of any development, and XRP-spot ETF approvals.
Pricing scenarios:
Bullish Example: An SEC appeal submission and an advantageous settlement judgment may push XRP above $3.5505, its all-time high. ETF approvals may boost institutional demand, pushing prices near $5 after debut.
Bearish scenario: Appeal withdrawal delays, bad court findings, or ETF rejections might push prices below $1.50.
Wider Market Outlook
External market circumstances affect XRP’s performance. XRP rose to $3.3999 earlier this year on excitement over an SEC appeal withdrawal and Trump’s pro-crypto position.
Rising trade tensions and economic worries have hurt crypto markets. The SEC’s appeal procedure, Ripple’s legal tactics, and the regulatory road to XRP-spot ETF licenses will determine the next significant move.
See SEC timelines and price goals here.
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