#xrp The current state of XRP news is dominated by the ongoing lawsuit between Ripple and the SEC. Here's what's happening:

Recent Developments

SEC Settlement: Ripple and the SEC agreed to a $50 million settlement, marking a significant shift in the long-standing legal battle. The SEC dropped its appeal, while Ripple withdrew its cross-appeal.

XRP ETF Hopes: The settlement has boosted hopes for a spot XRP exchange-traded fund (ETF), with many believing approval is inevitable. ETF Store President Nate Geraci said, "Seems obvious that spot XRP ETF approval is simply a matter of time."

Judge's Ruling: However, a recent joint motion filed by Ripple and the SEC was denied by Judge Analisa Torres due to technical issues. The denial doesn't seem to impact XRP ETF filings significantly.

Market Performance

Current Price: XRP's current price is $2.18, with a 3.65% increase.

Market Cap: XRP's market capitalization stands at $123.04 billion.

XRP ETF Prices: Various XRP ETFs are trading, including ¹ ² ³:

XRP ETF: $13.42

2X XRP ETF: $10.72

3IQ XRP ETF: $13.16 (CAD)

EVOLVE XRP ETF: $9.62 (CAD)

Future Outlook

Institutional Adoption: Ripple's leadership believes the settlement paves the way for further institutional adoption.

Regulatory Clarity: The company is seeking clarity on digital asset classification and hopes for improved regulatory conditions.

Potential ETF Approval: Polymarket data gives an 86% probability for ETF approval by year-end, with some predicting it could happen before July 31 ⁴