Crypto Thought of The Week: Will XRP Reach $1 First, or Will We See the Debut of XRP ETFs?
The post Crypto Thought of The Week: Will XRP Reach $1 First, or Will We See the Debut of XRP ETFs? appeared first on Coinpedia Fintech News
A few weeks ago, in an unexpected twist, the SEC issued a public apology to Ripple. Legal experts, attorneys, and even Ripple’s CEO have now confirmed that the case is closed—an undeniably bullish signal for XRP that has many predicting a major price surge.
Ripple’s long-awaited victory marks the end of its four-year legal battle with the SEC. Stuart Alderoty, Ripple’s Chief Legal Officer, officially announced on X (formerly Twitter) that the case is resolved. The SEC’s proposed fine was also significantly reduced from $2 billion to $125 million.
And then the positive news began to roll in..
Grayscale, a major player in crypto investments, has launched a U.S. XRP trust, raising hopes for a potential XRP ETF. This move has everyone buzzing about what it could mean for XRP’s future.
So, what’s an ETF? Simply put, it allows investors to buy shares that track the price of XRP without needing to own the cryptocurrency directly. This makes it easier for everyday investors and institutions to get involved in XRP, just like they would with regular stocks.
Many in the XRP community are thrilled, especially after the long legal battles with the SEC. They see Grayscale’s trust as a sign of confidence in XRP’s long-term potential. However, some are still cautious due to ongoing regulatory uncertainties.
What did the CEO say about ETFs?
Brad Garlinghouse told Bloomberg, “We would certainly welcome it, and I think it’s inevitable that there’ll be multiple ETFs around different tokens. Ripple obviously is a very important stakeholder in the XRP ecosystem, but we’re not the only player.”
Which will we see first: an XRP ETF or a Solana ETF?
On The Good Morning Crypto Show, attorney Fred Rispoli shared his thoughts on the potential XRP ETF, saying, “I’m sure it’s in the works. Since similar ETFs have been created, all they need to do is swap ‘Bitcoin’ and ‘Ethereum’ with ‘XRP’ in the existing paperwork. There’s no need to reinvent the wheel.”
He said that the XRP trust is being relaunched after being closed due to legal issues and advised not to worry too much about any appeals in the Ripple case. The main concern is whether businesses feel confident using XRP.
Rispoli criticized Grayscale for stopping the XRP trust, suggesting their hesitation made them vulnerable to regulatory challenges. Now that they seem more confident, he believes they’re ready to relaunch it.
He added that Ripple must take action moving forward, regardless of legal uncertainties. He also expects more ETFs to appear soon, particularly for XRP or Solana, depending on how the SEC responds and any changes in leadership by 2025.
Possibility of XRP Hitting The $1 Mark
There are speculations that the SEC might appeal the Ripple case, with potential developments stretching into 2026. This appeal could slow things down and bring more uncertainty, but it’s all still hypothetical. For XRP holders, the key takeaway is that patience is essential.
Despite the uncertainty, there are hopes that XRP will break out in late 2025. If the SEC does file an appeal, it could prolong the process by up to a year, meaning any final resolution might not come until early 2026. Right now, there’s no official appeal, but it’s important for holders to be aware of these timelines.
In the short term, many believe that the end of this year could bring a bullish trend, with potential price increases in November and December. Currently, XRP is sitting at about 58 cents, showing a slight upward trend over the past week, though it remains below its previous highs. Many are returning to the XRP community after the recent legal developments, and there’s a lot of speculation about what’s next.
What do you think? Do you expect the SEC to file an appeal?