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- Ripple lawsuit dismissal clears path for XRP ETF applications.
- Analysts predict XRP could surge to $22–$50 post-ETF launch.
- Multiple asset managers are poised for SEC approval between October 18–25.
XRP ETF approval prospects are soaring after the Ripple vs SEC lawsuit concluded, fueling optimism across the crypto market. Experts suggest this could attract substantial institutional investment and trigger a significant rally in XRP prices.
Ripple Lawsuit Clears Regulatory Path
On August 8, the long-running Ripple lawsuit concluded, leaving a $125 million fine intact. Crucially, the SEC’s case confirmed that XRP traded on public exchanges is not classified as a security, offering regulatory clarity for ETF applications.
Following the dismissal, market sentiment surged, with Polymarket placing XRP ETF approval odds at 73%, while Nate Geraci, president of The ETF Store, noted increased expectations for applications from major asset managers. Though BlackRock clarified it currently has no XRP ETF plans, industry optimism remains high.
Expert Predictions Point to Massive Gains
Crypto analysts are bullish on the potential impact of XRP ETFs. Kenny Nguyen projected that XRP could reach $22–$50 once the first wave of spot XRP ETFs launches, potentially pushing the market cap to $1.3–$3 trillion.
Similarly, Canary Capital CEO Steven McClurg highlighted strong institutional demand, estimating $5 billion could flow into XRP in the first month post-ETF launch. McClurg expressed confidence that an XRP ETF will likely debut this year, signaling a new era for Ripple-based investments.
Institutional Appetite and Pending Applications
Multiple major asset managers, including Grayscale, 21Shares, Bitwise, WisdomTree, Franklin Templeton, and CoinShares, have submitted XRP ETF applications. Bloomberg analysts estimate a 95% chance of approval, further emphasizing growing institutional interest.
The Frankfurt Stock Exchange also commented that with Ripple’s legal issues resolved, nothing now stands in the way of a spot XRP ETF approval, removing a key barrier that had stalled progress for years.
Anticipated SEC Decision Timeline
The SEC has yet to issue a final ruling on pending XRP ETF applications. Current expectations place the decision window between October 18 and 25, a critical period for XRP investors and ETF enthusiasts seeking regulatory clarity and market-moving guidance.
The dismissal of the Ripple lawsuit marks a pivotal moment for XRP ETFs. With regulatory clarity, strong institutional interest, and multiple pending applications, the cryptocurrency market is poised for a potential surge in XRP trading and investment activity.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
