### **1. Recent Developments: Futures-Based XRP ETFs Launching Tomorrow (April 30)**
- **ProShares** has secured tacit SEC approval to launch three futures-based XRP ETFs:
- **Ultra XRP ETF (2x leverage)**
- **Short XRP ETF (-1x inverse)**
- **Ultra Short XRP ETF (-2x inverse)** .
- These ETFs track XRP’s price via futures contracts (not holding the asset directly) and are set to begin trading on April 30, pending operational readiness by exchanges .
- **Teucrium’s 2x XRP ETF** (XXRP) has already been trading since early April, with $42.79 million in assets under management (AUM) .
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### **2. Spot XRP ETF Applications Still Pending**
- **SEC delays**: The SEC has postponed decisions on **spot XRP ETF applications** (e.g., Grayscale, Bitwise, Franklin Templeton) until **May 22, 2025**, with final deadlines extending to October 2025 .
- **Approval odds**: Analysts estimate a **65–78% chance** of spot XRP ETF approval in 2025, influenced by regulatory clarity from the Ripple-SEC settlement and growing institutional demand .
- **Key hurdles**: The SEC is scrutinizing spot ETFs for risk controls, while futures-based products avoid direct regulatory approval due to existing frameworks .
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### **3. Ripple’s Legal Battle and Regulatory Clarity**
- The **SEC vs. Ripple lawsuit** concluded in March 2025, with the SEC dropping its appeal. This resolved XRP’s classification as a non-security, removing a major barrier for ETF approvals .
- **Ripple’s leadership** (e.g., CEO Brad Garlinghouse) has emphasized that ETF approval would accelerate institutional adoption and price growth, aligning with Ripple’s broader plans for an IPO and stablecoin expansion .
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### **4. Market Impact and Price Predictions**
- **Short-term**: XRP’s price surged **6–10%** ahead of the futures ETF launch, trading near $2.30–$2.40 . Analysts target a breakout above $2.40, with resistance at $2.72 .
- **Long-term**:
- **Spot ETF approval** could trigger a "flood of billions" into XRP, similar to Bitcoin’s post-ETF trajectory .
- Ambitious forecasts suggest XRP could reach **$10 by 2025** or even **$33–$50 by 2027**, contingent on regulatory progress and institutional inflows .
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### **5. Institutional and Political Catalysts**
- **CME Group** will list XRP futures in May 2025, complementing existing Bitcoin, Ethereum, and Solana products .
- **Pro-crypto regulatory shifts**: The Federal Reserve eased restrictions on bank involvement with digital assets, boosting adoption of Ripple’s **RLUSD stablecoin** ($294M market cap) and XRP’s utility .
- **Polymarket odds** for a 2025 spot ETF approval rose to **78%**, reflecting market optimism post-Ripple legal resolution .
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### **Conclusion**
The approval of futures-based XRP ETFs marks a milestone, but **spot ETFs remain the holy grail** for unlocking sustained demand. With the Ripple-SEC case resolved and institutional infrastructure expanding (e.g., CME futures, RLUSD growth), XRP is poised for a transformative 2025. Investors should monitor the SEC’s May 22 deadline and broader regulatory trends for cues on ETF approvals and price trajectories.
*For real-time updates, refer to [CoinDesk](https://www.coindesk.com) or [Coinpedia](https://coinpedia.org).*