#XRPETFs is making headlines with several recent developments:
*Latest News*
- *XRP Futures ETFs Approved by SEC*: The US Securities and Exchange Commission (SEC) has approved ProShares' XRP futures ETFs, which will provide investors with exposure to XRP without directly holding the token. These ETFs will invest in XRP futures contracts, swaps, and cash balances in money market instruments.
- *First XRP-Spot ETF Launched in Brazil*: Hashdex has launched the first XRP-spot ETF in Brazil, which is a physically-backed ETF open to institutional investors and the public. This development has sparked hopes for potential global expansion of XRP ETFs.
- *Settlement Talks Between Ripple and SEC*: There are ongoing settlement talks between Ripple and the SEC, which could potentially lead to the SEC approving a US XRP-spot ETF. The chances of approval are currently at 78% by December 2025, according to Polymarket.
*Market Performance*
- *Current Price*: XRP's current price is $2.29, with a 1.57% increase in the last 24 hours.
- *Market Cap*: XRP's market capitalization stands at $126.96 billion.
- *Price Forecast*: Analysts predict that XRP could rally 8% and test resistance at $2.51, with potential targets at $2.72 ¹ ² ³.
*Key Developments*
- *Ripple's Financial Strength*: Ripple President Monica Long has stated that the company has "billions of dollars in cash" and is financially strong, dispelling speculation about an initial public offering (IPO).
- *Technical Indicators*: XRP's technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest a bullish outlook.
