XRP Price Update
XRP is currently trading at $2.18, with a 1.02% decrease in the last 24 hours. The token's price movements mirror the broader crypto market trends.
ProShares is set to launch its XRP Futures ETF on April 30, 2025. This development marks a significant milestone for XRP, potentially paving the way for increased adoption and regulatory clarity. The ETF will provide investors with exposure to XRP price trends without directly holding the token.
The SEC has agreed to drop its appeal in the Ripple case, with Ripple agreeing to drop its cross-appeal. The SEC will keep $50 million of the $125 million fine. This settlement could lead to XRP-spot ETF approvals in the US.
The ProShares ETF announcement signals growing institutional interest in XRP. As regulatory clarity improves, XRP's price could surge, with potential targets of $3.5505 or even $5 in the long term. However, market dynamics and external factors will continue to influence XRP's price action.
