The crypto market is eagerly anticipating the approval of an XRP ETF. According to Polymarket, investors currently price the likelihood of an XRP ETF approval in 2025 at 82%. This probability had surged to 89% following speculation around a Trump presidency but declined again after a closed SEC meeting.
Grayscale and Institutional Giants Push for XRP ETF
Grayscale has officially submitted an application to the SEC to convert its XRP Trust into a full-fledged ETF. The firm has filed a 19b-4 form to list an XRP ETF on NYSE Arca, offering investors a more regulated and accessible way to invest in XRP Coin. The trust currently manages assets worth over $16 million, with Coinbase Custody Trust providing custodial services and BNY Mellon handling transfers.
Alongside Grayscale, investment firms such as CoinShares, WisdomTree, ProShares, REX Shares, and Bitwise have also submitted XRP ETF applications to the SEC. This wave of filings indicates growing institutional interest in Ripple’s ecosystem.
Ripple vs. SEC: Is the Legal Battle Nearing an End?
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A major obstacle to XRP’s ETF approval remains the ongoing legal battle between Ripple and the SEC. The lawsuit, which began in 2020, accused Ripple of conducting an unregistered securities offering worth $1.3 billion. However, in 2023, Judge Analisa Torres ruled that XRP’s sales on exchanges do not qualify as investment contracts. This decision marked a significant win for Ripple and strengthened XRP’s position in the U.S. market.
Recently, the removal of references to the Ripple lawsuit from the SEC’s website has sparked speculation about a potential settlement. However, legal expert Jeremy Hogan clarified that the case is still active. Ripple has until April 16, 2025, to file an extension for the appeal process, making the next few months crucial for XRP’s regulatory clarity.
Key Price Levels for XRP: Will $3.84 Be Retested?
Following its January retracement, XRP has established a strong support range between $2.52 and $2.68. Technical indicators suggest that $3.34 is a key Fibonacci resistance level. If XRP surpasses this threshold, it could retest its all-time high of $3.84. However, for XRP to break above $4, the market may require further bullish momentum.
With the increasing likelihood of an XRP ETF approval in 2025, investors are already positioning themselves for potential gains. Could the long-awaited regulatory green light be just around the corner?
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