- XRP validator poll: 65% believe XRP ETF is possible in 2025
- SEC vs. Ripple lawsuit: Decision awaited; XRP holders on edge
Cryptocurrency enthusiasts and investors in Ripple (XRP) are eyeing a potential exchange-traded fund (ETF) launch in 2025, buoyed by recent optimism revealed in a poll conducted by a Ripple validator. The poll, conducted by @Vet_X0, indicated that 65% of respondents believe an XRP ETF approval is likely next year, highlighting growing confidence in the digital asset’s regulatory outlook.
This optimism comes amid ongoing uncertainty stemming from the Securities and Exchange Commission’s (SEC) lawsuit against Ripple, which alleges the company sold unregistered securities. The lawsuit, which began in 2020, has yet to yield a final ruling, leaving XRP holders anxiously awaiting clarity on the asset’s regulatory status.
In the latest market movements, XRP saw a slight decline of nearly 2% on Binance, reflecting cautious sentiment among traders pending the lawsuit outcome. Despite this, technical indicators suggest a bullish trend for XRP. The altcoin has shown an uptrend since April 18, forming higher highs and higher lows, with momentum indicators on the 1-day timeframe supporting potential gains.
The XRP community’s focus on ETF prospects has intensified, especially after Nate Geraci, President at The ETF Store Inc., highlighted the evolving regulatory landscape. Geraci noted a recent shift in sentiment toward alternative cryptocurrencies, including XRP, indicating a growing interest in expanding the crypto ETF market.
The lawsuit’s impact on XRP’s price and market sentiment has been palpable, with the SEC’s allegations initially dampening investor confidence. However, recent developments, including Judge Analisa Torres’ ruling on programmatic sales, have provided some relief. Torres ruled that XRP sales on secondary markets do not constitute securities, potentially setting a positive precedent for Ripple’s defense.
From a technical perspective, XRP’s price currently sustains above $0.5300, showing a nearly 1% gain on the day. The Moving Average Convergence Divergence (MACD) indicator’s green histogram bars suggest underlying positive momentum, while the Relative Strength Index (RSI) at 52.11 indicates a bullish trend.
Looking ahead, XRP’s immediate target is set at $0.5703, marking a 7.29% increase from its current level, based on recent highs from April 22 and May 6.
As XRP holders and market participants continue to monitor developments in the SEC vs. Ripple case and anticipate potential ETF approval in 2025, the digital asset’s market outlook remains cautiously optimistic. The intersection of regulatory clarity and technical analysis suggests a pivotal period ahead for Ripple and its community of investors.
This article combines the latest developments, technical analysis, and expert insights to provide a comprehensive overview of XRP’s current situation in the cryptocurrency market, appealing to both investors and enthusiasts alike.