News View Non-AMP

XRP News Today: Ripple’s Settlement May Trigger the Launch of an XRP ETF

Published by
Mustafa Mulla

Crypto traders had long speculated that Ripple’s legal saga would conclude in July. The anticipation was finally met when a federal judge ordered Ripple to pay $125 million in fines and mandated new regulations to prevent future legal issues. Notably, the court clarified that XRP, Ripple’s digital currency, is not classified as a security.

This ruling opens the door for the potential approval of a spot XRP ETF, which could be great news for investors. What are the chances?

New Doors Opening for XRP!

Kashif Raza, founder of Bitinning, pointed out that Ripple’s hefty fine stemmed from its sales of XRP to institutional investors, which were found to violate securities laws. However, the court’s decision also brought relief to the XRP community by ruling that sales to regular investors did not breach any regulations.

With the legal cloud over XRP’s retail sales now lifted, there’s growing excitement about new financial opportunities in the cryptocurrency space. Raza is optimistic that XRP might soon find its way into ETF applications.

If successful, this could open up fresh investment avenues and significantly enhance XRP’s presence in the financial sector.

Big Players Eye XRP

Popular crypto trader Doctor Profit has suggested that Ripple and the SEC may be collaborating on an XRP ETF.

XRP’s Market Outlook: Bullish or Bearish?

XRP missed out on the 2021 bull run due to its legal challenges, but with those issues now behind it, the market is poised for a potential surge. Doctor Profit predicts that XRP could reach prices between $16 and $20 within a year. However, in a more conservative scenario, the price might range between $4 and $7.

With the lawsuit resolved, the future looks promising for XRP, and investors are watching closely to see how this cryptocurrency will fare in the coming months.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Sui (SUI) Price Analysis Today: Key Targets to Consider Ahead

The Sui network has attracted significant investment from institutional investors seeking to capitalize on its…

April 25, 2025

Dogecoin Price Analysis: Momentum Favors Further Gains

Technical analysis shows that the Dogecoin price is poised to gain 33% to 23 cents…

April 25, 2025

Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price?

The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…

April 25, 2025

Ethereum Price Prediction 2025: ETH Price May Trigger a 10x Rally, if This Trade Setup Plays Out Well

The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…

April 25, 2025

What’s Next for the Chainlink (LINK) Price-Will it Reclaim $20 Before the End of the Month?

The recent rise in the bullish momentum has elevated the markets above the bearish captivity…

April 25, 2025

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025