Ripple's digital token, XRP, anticipates a 35% spike in value as Ripple-tied ETF approaches a $100 million landmark.

Ripple's digital token, XRP, anticipates a 35% spike in value as Ripple-tied ETF approaches a $100 million landmark.

XRP's price is on the brink of a 35% surge, reaching its year-to-date high, as inflows into the Teucrium 2x Long Daily XRP ETF continue. The cheerful chatter around town is that Ripple's native cryptocurrency, XRP, is trading at $2.5270 on a sunny Tuesday, up more than 55% from its gloomiest point this year. This surge values the token at an impressive $149.6 billion in the crypto market.

Looking at the XRP ETF's financial statements, it's clear that the fund has been experiencing consistent inflows for five consecutive weeks, bringing its total assets to an impressive $99.1 million. Last week saw a substantial influx of $14 million, up from the previous week's $10 million.

While the relatively high annual management fee of 1.89% might make some squirm, evidently, demand for XRP-linked investment products is rapidly escalating. For comparison, the ProShares Bitcoin ETF charges a more reasonable expense ratio of just 0.95%.

The steady growth of the XRP ETF reflects the positive sentiment that the U.S. Securities and Exchange Commission (SEC) may eventually give the green light to spot XRP ETFs. Big names like Franklin Templeton, Grayscale, 21Shares, Canary, and CoinShares have all jumped into the ring with filings for such ETFs. And according to Polymarket, the odds of approval have climbed to a heartening 80%.

Analysts are giddy with anticipation, envisioning that these approvals could trigger a whopping $8 billion in inflows for spot XRP ETFs during their inaugural year, outsmarting Ethereum's ETF inflows since their approval last September.

Besides the ETF boom, XRP has other bullish factors supporting its upward march. Ripple Labs, the company behind XRP, has cemented a significant presence in the stablecoin market with its Ripple USD (RLUSD) token, boasting a market cap of over $300 million. There are even whispers that Ripple Labs is in talks with Circle, the issuer of USD Coin, the second-largest stablecoin by market cap.

Furthermore, Ripple Labs has stepped into the prime brokerage industry through its Hidden Road acquisition, actively working to command the cross-border payments industry.

Technical Analysis

On the technical side, XRP's daily chart reveals a strong recovery since bottoming at $1.6218 in April. The price has now burst through the 50-day moving average, indicating that bullish energy is brewing.

XRP has also fashioned an inverse head-and-shoulders pattern, a classic bullish reversal formation. The head sits at $1.6218, while the shoulders nestle near the $2 level.

Moreover, the Average Directional Index has crept up to 20, hinting that the trend is toughening. Thus, the likely XRP outlook is one of a rally that makes a beeline for the year-to-date high of $3.40, a 35% climb from its current position.

Is Bitcoin the Anti-Bank Wildcard?

In other crypto news, there's a timid debate going on about whether Bitcoin truly is the anti-bank wildcard. Some argue that it's just a fancy alternative investment offering frills and not the anarchic force it was venerated for. But that's a story for another day.

Enrichment Data:

Overall:

Against the backdrop of multiple XRP ETF filings from firms such as Franklin Templeton, Grayscale, 21Shares, Canary, and CoinShares, the odds for SEC approval in 2025 hover around 80% to 85%. These figures are based on data from Polymarket, Bloomberg analysts, and crypto research firms.

Key points on approval odds and context:

• Polymarket's odds of an XRP spot ETF receiving SEC approval in 2025 have varied between 80% and 87%, with a recent dip to 68% in late April 2025.
• The SEC has extended review timelines for certain ETFs, including Franklin Templeton's XRP Fund, pushing decisions into June 2025.
• The SEC's regulatory atmosphere has evolved, primarily due to the resolution of the Ripple-SEC lawsuit, where courts ruled XRP is not classified as a security. This legal clarity has significantly boosted approval odds.
• The approval of these ETFs may hinge on related court decisions concerning Ripple’s settlement and appeals. If the court rejects the settlement or Ripple persists with cross-appeals, it could complicate or delay approvals.
• Industry experts and analysts, including those from Bloomberg and crypto research firms, are increasingly optimistic that approval will occur by the final SEC deadlines in late 2025, bolstered by the SEC's new chair's crypto-friendly leanings.

1. The surge in XRP's price, reaching its year-to-date high, is fueled by inflows into the Teucrium 2x Long Daily XRP ETF, with the fund experiencing consistent inflows for five consecutive weeks.
2. Ripple's native cryptocurrency, XRP, is currently trading at $2.5270, and analysts are giddy with anticipation, envisioning that spot XRP ETF approvals could trigger a whopping $8 billion in inflows during their inaugural year.
3. Big names like Franklin Templeton, Grayscale, 21Shares, Canary, and CoinShares have filed for spot XRP ETFs, with the odds of approval climbing to a heartening 80%.
4. On the technical side, XRP's daily chart reveals a strong recovery, with the price bursting through the 50-day moving average, suggesting a bullish energy is brewing and a 35% climb to the year-to-date high of $3.40 is likely.
5. Ripple Labs, the company behind XRP, has cemented a significant presence in the stablecoin market and is in talks with Circle, the issuer of USD Coin, the second-largest stablecoin by market cap. Additionally, Ripple Labs has stepped into the prime brokerage industry through its Hidden Road acquisition.

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