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XRP extends gains ahead of futures ETFs launch this week

04/28/2025 14:15:00 GMT|By Ekta Mourya

XRP rises on Monday as traders digest the news of the SEC's approval of ProShares' XRP futures ETFs and their debut later this week.

Bitcoin remains around $95,000 amid a widespread recovery in cryptocurrency prices.

Ripple's president, Monica Long, put an end to speculation about an IPO.

XRP rises more than 3% on Monday, hovering around $2.33 at the time of writing. The rise is likely catalyzed by key market moves such as the approval of XRP futures ETFs by the U.S. financial regulator, the Securities and Exchange Commission (SEC), and an optimistic outlook from technical indicators amid a broader recovery in the cryptocurrency market.