ETF Speculation and Legal Clarity Renew Optimism for XRP and Solana

XRP is drawing fresh investor attention as optimism builds around its legal standing and potential exchange-traded products (ETPs).

Despite recent market turbulence, analysts like Jamie Elkaleh believe momentum is shifting in favor of the digital asset.

Elkaleh, Chief Marketing Officer at Bitget Wallet, pointed out that institutional sentiment toward XRP has improved following the March court ruling in Ripple’s favor. That partial legal victory has opened the door for financial products tied to the asset, such as the ProShares UXRP futures ETF.

“XRP is regaining market momentum as renewed ETF speculation intersects with increasing legal clarity,” Elkaleh said. According to him, this evolution marks a structural advancement for XRP’s recognition in U.S. markets, with visible gains in market depth and investor engagement.

Though XRP briefly spiked above $3.60, its price has since settled closer to $3.09, impacted by market volatility and a large token transfer reportedly linked to Ripple co-founder Chris Larsen. Nevertheless, Elkaleh emphasized that the underlying narrative remains strong, especially if regulatory progress continues.

Beyond XRP, Solana is also enjoying increased traction. Elkaleh noted that ongoing development within the Solana ecosystem is contributing to positive investor sentiment. Coupled with early discussions around a potential SOL ETF, the outlook appears increasingly favorable.

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While ETF exposure for these tokens remains limited to futures products for now, broader regulatory approval or a shift in SEC policy could unlock a wave of inflows. For Elkaleh, this intersection of legal progress and institutional interest signals a promising phase for both assets.

As the U.S. adopts a more constructive tone toward digital assets, XRP and Solana are emerging as beneficiaries of a gradually maturing crypto investment landscape.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.