XRP Experiences Uptick Following Closure of SEC Case and Expectations of an ETF
The cryptocurrency market is abuzz with anticipation as the U.S. Securities and Exchange Commission (SEC) prepares to make decisions on eight pending XRP spot ETF applications between October 18 and October 25, 2025. With positive approval odds, the potential launch of XRP-backed exchange-traded funds (ETFs) could significantly impact the industry.
The market is optimistic about the approval of these ETFs, with probabilities ranging from around 73% to as high as 95% by the end of 2025. This optimism is largely driven by the favorable regulatory environment, Ripple’s legal victory against the SEC in 2024, and new SEC leadership signaling a more crypto-friendly stance.
Several heavyweight firms have thrown their hats in the ring, filing XRP spot ETF applications. These include Grayscale, 21Shares, Bitwise, WisdomTree, Franklin Templeton, CoinShares, and others. The launch of XRP futures trading on CME in May 2025 also positions these ETFs for a potentially expedited review process.
However, there is currently no public confirmation or credible indication that BlackRock is playing a direct role in any XRP spot ETF filing at this time. The named firms predominantly include Grayscale, 21Shares, Bitwise, WisdomTree, Franklin Templeton, and CoinShares.
The price of XRP is currently at $3.2259 (as of August 9), and it has shown resilience despite macroeconomic headwinds such as Fed policy and recession fears. The legal fight between Ripple and the SEC, which lasted nearly five years, was dismissed as of August 7, 2025. Following the dismissal news, XRP leaped 11.4 percent in 24 hours.
The current price of XRP is above its 50-day EMA, which points to around 2.88, and above its 200-day EMA, with the 200-day MA at $3. Legislative actions may enhance the situation with XRP cross-border payments, and a potential Fed cut in September may help improve sentiments.
In addition, a move to ETF acceptance may spur on institutional application, further boosting the market. The dismissal of the legal battle and Ripple’s pursuit of a U.S. bank permit also bode well for the future of XRP. The odds in Polymarket for an XRP ETF are currently at 75 percent.
In conclusion, the upcoming decisions on XRP spot ETFs could be a game-changer for the cryptocurrency market. With multiple institutional firms vying for a piece of the action and a favorable regulatory environment, the odds are in favor of approval. However, the role of BlackRock in this process remains unclear.
Investors are highly interested in the upcoming SEC decisions on XRP spot ETF applications, with expectations ranging from 73% to 95% approval odds by the end of 2025. Technological advancements, such as the launch of XRP futures trading on CME and the potential for improved sentiments due to a Fed cut in September, could further boost investing in this sector.
