#XRPETF The XRP market is currently seeing a mix of signals. While the price has shown some stability around the $2.20 mark, outperforming some of its peers, it is still underperforming the broader cryptocurrency market. This likely reflects the lingering uncertainty surrounding the long-running legal battle with the SEC, despite some positive developments.

Notably, Brazil's B3 stock exchange has launched the world's first spot XRP ETF, a significant step towards mainstream adoption. Additionally, ProShares is set to launch three XRP Futures ETFs on April 30th, indicating growing institutional interest.

However, the final resolution of the Ripple-SEC lawsuit remains a key factor influencing XRP's price. Conflicting reports about the appeal status have created some confusion. While Ripple claims the appeal is settled, the SEC has indicated it is still ongoing. A clear resolution, along with potential approval of a spot XRP ETF in the US, could trigger substantial price movement. Analysts suggest that under the right conditions, XRP could potentially reach significantly higher valuations.