XRP Price Eyes $3.40 as ETF Buzz Grows After Ripple-SEC Deal Ends
The post XRP Price Eyes $3.40 as ETF Buzz Grows After Ripple-SEC Deal Ends appeared on BitcoinEthereumNews.com.
XRP price continues to capture market attention as the token’s price momentum aligns with a major regulatory breakthrough and speculation over an imminent exchange-traded fund (ETF) filing. Ripple confirmed it will no longer pursue its cross-appeal against the U.S. Securities and Exchange Commission (SEC), ending the firm’s years-long legal standoff with the agency. The SEC will retain $50 million from the $125 million fine originally imposed in Aug. 2024. The remaining $75 million will be returned to Ripple. Ripple’s Chief Legal Officer Stuart Alderoty called it the “last update” on the matter, stating that the SEC will ask the court to lift the injunction that had barred Ripple from selling XRP to institutions without registration. BlackRock, Fidelity Seen as Likely XRP ETF Players Nate Geraci, president of ETF Store, suggested on X that the legal clarity opens the door for major institutional players to move in. He posed, “Ripple lawsuit coming to end… Seems obvious spot XRP ETF approval simply matter of time IMO…And yes, I expect BlackRock, Fidelity, etc to all be involved.” Market speculation over XRP ETF filings has gained traction following a wave of institutional interest in spot Bitcoin and Ethereum ETFs. XRP currently ranks as the third-largest non-stablecoin crypto by market cap, standing at $142.87 billion. XRP secures MiCA-compliant listing via LCX approval. Source: X The MiCA-compliant whitepaper submission by LCX has also strengthened XRP’s profile in Europe. According to BankXRP on X, XRP has received “admission to trading” on the LCX Exchange and now appears on the European Securities and Markets Authority (ESMA) register. XRP Price Targets Align as Technicals Flash Bullish At press time, XRP traded at $2.47, up 1.08% in the past 24 hours, per CoinMarketCap. Analysts observed a bullish structure forming, citing recent price action as a liquidity sweep. XRP/USD 1-day price…
Filed under: News - @ March 27, 2025 2:28 am