#TrumpTaxCuts
Recent Development:
ProShares XRP ETFs: ProShares has launched three XRP Futures ETFs on April 30, allowing investors to gain exposure to XRP price trends without directly holding the token. These ETFs include:
Ultra XRP ETF: Offers 2x leverage
Short XRP ETF: Provides inverse (-1x) leverage
Ultra Short XRP ETF: Offers inverse (-2x) leverage
SEC Settlement Talks*: Ripple and the SEC have reached a settlement agreement, with the SEC agreeing to drop its appeal without conditions. The settlement terms include ²:
$50 million fine: The SEC will keep $50 million of the $125 million fine, with the balance returned to Ripple
- Injunction lift: The SEC will ask the court to lift the injunction prohibiting XRP sales to institutional investors
- XRP-Spot ETF Approvals: The approval of XRP-spot ETFs may hinge on the SEC appeal withdrawal and a favorable Ripple case settlement. Brazil has already launched its first spot XRP ETF by Hashdex ¹ ³
Market Outlook
Price Predictions: Analysts predict a potential price surge toward $3.5505 or even $5 if the SEC approves XRP-spot ETFs and the settlement is favorable
- Bullish Scenario: An SEC appeal withdrawal and a favorable settlement ruling could drive XRP toward its all-time high
- Bearish Scenario: Appeal withdrawal delays, adverse court rulings, or ETF rejections could see a retreat toward the $1.50 mark ²
