One of the most uncertain aspects of the cryptocurrency world revolves around Ripple and the ongoing SEC events surrounding XRP. While the attention had recently shifted towards the potential approval of Bitcoin and Ethereum ETFs, many have commented that Solana seemed closer to obtaining an ETF than XRP. However, amidst all the speculation, Ripple’s CEO, Brad Garlinghouse, made an important statement just a few minutes ago.
The statement from Garlinghouse suggested that XRP ETFs might begin operating in 2025, despite the legal pressures that Ripple and XRP currently face. Although Bitcoin and Ethereum ETFs dominated the scene in 2024, XRP, which holds a significant position in the top 10 of the market and boasts billions of dollars in volume, still faces numerous legal hurdles. Nevertheless, the possibility of an XRP ETF is still being discussed.
It is worth noting that Ripple is still dealing with an unresolved SEC case that has been pending for four years. While there was a temporary victory for Ripple and Garlinghouse last summer, it was not a final decision. Given the circumstances, it is crucial to closely monitor the developments surrounding XRP. Today, the XRP price seems to be taking a positive turn.
At the time of writing, the XRP price is on the rise following the news. It is currently trading at $0.5271, reflecting a 1% increase in the last 24 hours. The market volume has returned to the $29 billion level during this period. Additionally, the 24-hour trading volume has experienced a significant surge, reaching $1.1 billion after an increase of over 8% following the news.
The RSI value of XRP has also seen a sharp increase, surpassing the neutral zone and reaching 56.33. This indicates that buyers are increasingly putting pressure on sellers.
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Disclaimer: This article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and risk and should conduct their own research.
