Will XRP See Its Own ETF Launch Soon?

Speculation about an XRP ETF launch is intensifying, driven by Ripple’s recent successes and growing optimism for a pro-crypto regulatory shift under Donald Trump’s leadership.

Trump’s vocal support for cryptocurrency during his campaign has bolstered hopes for favorable policies and a potential resolution to Ripple’s ongoing legal battle with the SEC. Ripple’s RLUSD stablecoin approval by the New York Department of Financial Services (NYDFS) has added further momentum, sparking renewed confidence among investors.

Prominent crypto figure Ben Armstrong, known as “The BitBoy,” recently highlighted a 300% return on Grayscale’s XRP Trust since May, interpreting this as a sign of robust market confidence and potential groundwork for an XRP ETF launch. Grayscale’s recent Solana ETF filing has fueled speculation about a similar move for XRP, further reinforcing optimism for the token’s future.

Ripple has also benefited from SEC Chair Gary Gensler’s resignation announcement, which many see as a positive step toward resolving the company’s legal challenges. XRP experienced a significant 250% surge over the past month, although recent market volatility has dampened gains. Despite this, Armstrong has forecasted that XRP could rally to $4.50 by early 2025, capturing the attention of traders and investors alike.

Institutional interest in XRP is also on the rise, with major players like WisdomTree, Bitwise, 21Shares, and Canary Capital filing for XRP ETFs. These moves indicate growing confidence in XRP’s long-term potential and suggest that the market is preparing for a significant shift. As Ripple continues to make strides, the prospect of an XRP ETF launch could mark a pivotal moment for both the token and the broader cryptocurrency industry.