XRP is riding a wave of bullish momentum following the long-awaited resolution of its legal battle with the U.S. Securities and Exchange Commission (SEC).
The cryptocurrency has gained more than 7% in the past week, including a 12% jump on Friday, as optimism builds around a potential spot XRP exchange-traded fund (ETF) approval before the end of 2025.
The market’s focus has shifted sharply toward regulatory developments. Several major investment firms have pending applications for an XRP ETF, and Bloomberg analysts now see approval odds near 88%. This comes after an earlier dip in sentiment, when opposition from SEC Commissioner Caroline Crenshaw sparked concerns and pushed market-based odds down to around 62%.
According to Bloomberg senior ETF analyst Eric Balchunas, those fears were misplaced, as Crenshaw’s consistent “no” votes on crypto products carry little weight given she’s outnumbered by other commissioners.
Ripple and SEC File for Appeal Dismissal
The latest rally comes on the heels of a joint filing by Ripple Labs and the SEC to dismiss all pending appeals with the Second Circuit Court of Appeals. The agreement ensures each side will cover its own legal expenses, bringing a decisive close to a dispute that began in late 2020 and cast a shadow over XRP’s regulatory standing for nearly four years. Ripple Chief Legal Officer Stuart Alderoty confirmed the move on Friday, calling it “the end” and signaling a return to business as usual.
XRP’s Market Performance Since the Legal Breakthrough
Price data shows XRP has surged nearly 99% from its April low of $1.79 to its July peak of $3.56. The lawsuit’s conclusion has been a turning point for investor sentiment, with the token reclaiming its place as one of the most actively traded altcoins. Market watchers say ETF approval could further accelerate momentum, potentially pushing XRP toward new all-time highs as early as this summer.
For now, all eyes remain on the SEC’s upcoming decisions. If a spot XRP ETF is approved, it would not only mark a historic milestone for Ripple but could also reshape the altcoin investment landscape for institutions and retail traders alike.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-rallies-nearly-100-since-april-amid-rising-etf-approval-chances/