Market Expectations and Price Volatility

Some investors believe that the recent price increase of XRP is related to expectations surrounding 'XRP ETF'. In January 2025, there were reports that XRP's price hit a new high, and some market participants speculated that it might follow the model of Bitcoin spot ETFs to launch related financial products, believing that concepts like AI and DeFi (such as the BUZZ project) could further drive the popularity of the XRP ecosystem.

Legal Obstacles and Doubts

Opposing viewpoints point out that XRP is still embroiled in litigation with the U.S. Securities and Exchange Commission (SEC), and its legal status remains unclear. Some analyses suggest that the 'approval of XRP ETF' lacks a realistic basis and may be a form of market speculation, predicting that if the ETF application is rejected, it could lead to a significant price correction. Historically, XRP has experienced severe volatility due to litigation developments, for example, at the end of 2024, after its market capitalization surpassed one trillion dollars, controversial rumors about 'launching an ETF' immediately surfaced.