#XRPETF

XRP ETFs are exchange-traded funds designed to track the price of XRP, allowing traders to gain exposure to its price movements without directly buying or storing the cryptocurrency. Two notable firms, Bitwise Asset Management and Canary Capital, have filed proposals with the US Securities and Exchange Commission (SEC) for XRP ETFs.

*Key Developments:*

- *ProShares XRP ETFs*: ProShares is set to launch three XRP Futures ETFs on April 30, offering investors exposure to XRP price trends without holding the token directly.

- *SEC Appeal Withdrawal*: XRP-spot ETF approvals may hinge on the SEC appeal withdrawal and a favorable Ripple case settlement. A settlement could see the SEC drop its appeal, and Ripple withdraw its cross-appeal.

- *Potential Price Impact*: An SEC appeal withdrawal and favorable settlement ruling could drive XRP toward its all-time high of $3.5505, with potential longer-term growth toward $5. However, delays or adverse court rulings could see XRP retreat toward $1.50.

*Current Market Performance:*

- *XRP Price*: $2.24

- *Market Capitalization*: $130.19 billion

- *Recent Price Movement*: XRP gained 0.42% on April 26 to close at $2.1916, mirroring a broader crypto market cap rise to $2.92 trillion ¹ ².