Key Points:

  • SEC delays XRP ETF decision amid Ripple appeal pause; Polymarket gives 77% chance of 2025 approval.

  • BTC fell below $95K as US-China trade tensions reignited, weighing on broader market risk sentiment.

  • US BTC-spot ETFs saw $1.8B in inflows last week, offering support despite political resistance to the Bitcoin Act.

    $BTC $ETH $XRP

    Banks Turn Bullish on XRP-Spot ETFs

    XRP returned to the spotlight on Sunday, May 4, amid rising hopes for approval of an XRP-spot ETF. Crypto enthusiast Amelie, also known as Crypto Barbie, highlighted Standard Chartered Bank’s latest prediction:

    For comparison, US ETH-spot ETFs have seen $2.526 billion in net inflows since launch, partly offset by $4.3 billion in outflows from the Grayscale Ethereum Trust (ETHE).

    Interest in XRP-spot ETFs intensified after the SEC extended its review of Franklin Templeton’s XRP-spot ETF filing by 45 days.

    If approved, strong demand for XRP-spot ETFs could shift the supply-demand balance firmly in XRP’s favor, potentially setting the stage for record highs. Prediction platform Polymarket places the odds of a US XRP-spot ETF approval by December 31 at 77%.

    However, the SEC could delay approvals until the conclusion of the SEC vs. Ripple case. In April 2025, the SEC and Ripple filed a joint motion to pause the appeal, citing the prospect of a settlement.

    The appeal targets Judge Analisa Torres’ ruling that XRP programmatic sales did not meet the third prong of the Howey Test—a finding that, if upheld, would



    XRP dropped 1.32% on Sunday, May 4, following Saturday’s 0.97% loss, closing at $2.1594. The token tracked the broader crypto market, which fell 1.55% to a total crypto market cap of $2.89 trillion. Investors turned cautious as markets braced for the upcoming Fed interest rate decision. Recent US labor market data fueled uncertainty about an H1 2025 Fed rate cut, impacting the crypto market.

    XRP price trends will likely depend on:

    • Legal progress.

    • Updates on ETF filings.

    • Fed policy direction and US-China trade developments.

    Technical support lies at $2.10, with a break above $2.50 potentially opening a path to $3.00 and a retest of the all-time high at $3.5505.