🧠 Waiting for a spot XRP ETF
Several giants — Bitwise, Franklin Templeton, Grayscale, WisdomTree… — are in the race to launch a Spot XRP ETF, with a key date on June 17 for the decision on the Franklin Templeton case
The perceived probability on Polymarket is around 83%
binance.com
. Lagging signals until the decision is made, but anticipation already visible.
🔥 Settlement rumors, price impact
In early June, rumors of an agreement between Ripple, the SEC, and the judge propelled XRP to nearly $2.28
The launch of a spot ETF and the resolution of the dispute could revive XRP, with psychological targets between 2.60 and 3.40 in case of a positive outcome.
📊 4. On-chain analysis and sentiment
Decrease in traffic on the XRP Ledger: transactions have dropped to their lowest since October, with less than 320K tx/day
According to Glassnode, nearly 70% of the market cap realized between the end of 2024 and the beginning of 2025 belongs to recent buyers — potential distribution risk 🔻
binance.com
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💡 Other dynamics
Ripple is considering an IPO valued at ~30 billion $, an event that could solidify XRP's credibility
Whale Alert reports a massive transfer of 58 million XRP to Coinbase – a sign that large market hands are getting active
u.today
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🧭 Trend summary
Theme Possible effect
SEC settlement Reduction of uncertainties, potential rise towards $3+
Spot ETF Entry gate for institutional investors
On-chain / sentiment Low usage, recent accumulation → caution
Whale + IPO Precursor movements, increased credibility
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