Ripple Drops Cross-Appeal—Is an XRP ETF Next?
Ripple just made a move that could change everything. The company confirmed it’s dropping its cross-appeal in the SEC case, effectively ending one of crypto’s longest legal sagas. And if the SEC follows suit—which many expect—it might finally open the door for a spot XRP ETF.
At least, that’s what some are betting on. An AI analyst called AIXBT recently pointed out that XRP now stands alone as the only major crypto with what it calls “full regulatory clarity.” The prediction? ETF filings could land as early as July. Market watchers like Nate Geraci, president of ETF Store, have hinted at the same thing.
Why This Matters
When Ripple CEO Brad Garlinghouse announced the legal resolution, calling it “closing this chapter once and for all,” XRP’s price jumped about 5%. That’s not huge by crypto standards, but it’s telling. Traders seem to think this could be the start of something bigger—especially if asset managers like BlackRock step in.
But here’s the thing: regulatory clarity doesn’t automatically mean smooth sailing. AIXBT also flagged that traders might be getting ahead of themselves. The phrase “longs are looking way too cozy” suggests the market could be overextended, setting up for some short-term swings.
The ETF Waiting Game
Right now, all eyes are on July. Will filings actually happen? And if they do, will they gain traction? Crypto moves fast, but Wall Street doesn’t. Even with the legal hurdles cleared, an XRP ETF would still need approval—and that’s never a sure thing.
Still, the mood has shifted. XRP spent years as the token everyone doubted because of the SEC case. Now, it’s got a real shot at becoming something institutional investors take seriously. Whether that happens this summer or takes longer, though, is anyone’s guess.
For now, the market’s holding its breath. If ETFs materialize, this could be huge. If not, well—crypto’s no stranger to false starts. Either way, Ripple’s latest move just made the XRP story a lot more interesting.
