XRP News Today: XRP Gains Momentum as XRP ETF Hype Grows Despite BlackRock Silence

XRP continues to command attention in the crypto market, riding a wave of optimism fueled by mounting speculation around a potential spot XRP ETF.

Despite silence from BlackRock, the world’s largest asset manager, the excitement surrounding an XRP-backed exchange-traded fund is helping buoy the XRP price and overall investor sentiment.

XRP Price Rebounds with Renewed Optimism

At the time of writing, XRP is trading at $2.12, marking a 3.5% gain in the past 24 hours. This positive trend signals a renewed bullish sentiment, especially after the token briefly dipped to $1.60 earlier this month. That temporary pullback was seen as a buying opportunity by many retail and institutional investors, contributing to the recent upswing.

XRP was trading at around 2.11, up 3.31% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

XRP is now being perceived as “no longer trading at a discount,” with the Ripple currency price stabilizing after weeks of volatility. Trading volume surged by more than 69% to $2.34 billion, further confirming heightened market interest. Analysts are eyeing a possible golden cross breakout, a historically bullish signal, as XRP attempts to recapture its all-time high of $3.55.

ETF Buzz Builds Despite BlackRock’s Absence

Talk of an XRP ETF has intensified over the past few weeks. Multiple asset managers—including Grayscale, Franklin Templeton, Bitwise, and 21Shares—have filed applications for spot XRP ETFs. However, the crypto community remains focused on one major player: BlackRock.

Despite launching Bitcoin and Ethereum ETFs, BlackRock has yet to file for an XRP ETF, suggesting XRP may not be a current priority for the asset giant. Source: Chain Brief via X

Having already found monumental success with its iShares Bitcoin Trust and Ethereum ETF, BlackRock appears to be treading carefully with XRP. Its Bitcoin ETF has topped $30 billion in assets under management, while its Ethereum fund surpassed $1 billion in just 60 days.

“Why add risk when you’re dominating the two most proven crypto assets?” one XRP investor commented, echoing a sentiment of calculated restraint from the institutional giant.

Despite Ripple’s partial legal victory over the U.S. Securities and Exchange Commission (SEC), the lingering association of XRP with the “security” label still casts a shadow in the eyes of institutions. BlackRock’s leadership has made clear that their ETF decisions hinge on strong demand, deep liquidity, and unambiguous legal status—criteria Bitcoin and Ethereum already fulfill.

Ripple Lawsuit Nears Closure

The ongoing Ripple lawsuit has been a major hurdle for institutional adoption of XRP. Yet, recent developments suggest a path toward resolution. The SEC and Ripple filed a joint motion to pause the regulator’s appeal, signaling an agreement may be in the works. A settlement would pave the way for XRP to fully escape the legal gray zone, possibly making it more appealing to ETF issuers and Wall Street investors.

If the court officially vacates the judgment restricting XRP sales to institutional investors, the SEC could formally withdraw its appeal. Such a move would significantly bolster Ripple XRP news, clearing regulatory uncertainties that have long weighed on the asset.

Market Watch: Legal Clarity Could Open Floodgates

According to Bloomberg ETF analyst James Seyffart, the delay in XRP ETF approvals is part of “standard procedure.” He notes that the final deadlines for a decision stretch into October 2025, giving regulators and applicants time to assess the market. Seyffart also pointed out that political changes in Washington, such as the potential appointment of Paul Atkins as SEC Chair, could lead to a more crypto-friendly regulatory environment.

Builders are increasingly turning to XRP for its regulatory clarity, positioning it as the go-to platform for compliant innovation and institutional-grade growth. Mitchell DiRaimondo via X

“The approval of XRP ETFs may not be imminent, but it’s increasingly probable,” Seyffart added. If the ETFs are approved, it would provide XRP with greater legitimacy, drive up liquidity, and bring in capital from institutional investors traditionally wary of direct crypto exposure.

Ripple Ledger in Spotlight Amid Stablecoin Expansion

While ETF chatter dominates the XRP news cycle, Ripple has also been making strategic moves to expand its blockchain footprint. Ripple’s UK & Europe Managing Director, Cassie Craddock, recently confirmed that the XRP Ledger will play a key role in the company’s $1.25 billion acquisition of prime brokerage firm Hidden Road.

XRP is consolidating but still expected to hit the $1.03–$0.38 zone before a potential surge past $3.39. Source: MarketIntel on TradingView

The integration of Ripple ledger technology into the traditional finance infrastructure is part of a broader plan to enhance settlement services. Ripple’s upcoming U.S.-backed stablecoin, RLUSD, is also expected to be deployed across Ripple’s crypto and financial platforms, potentially amplifying XRP value and utility within cross-border payment ecosystems.

Final Thoughts

The intersection of legal clarity, ETF speculation, and blockchain innovation is shaping a compelling narrative for Ripple crypto and XRP investors alike. While BlackRock may be taking a cautious stance for now, its eventual entry could act as a major catalyst—if and when the regulatory dust fully settles.

Until then, XRP remains in a critical transitional phase. With legal hurdles potentially clearing and multiple fund managers already stepping into the XRP ETF arena, the stage is set for what could be one of the most significant developments in Ripple news this year.