XRP News: SEC Appeal vs. ETF Launch – Key Catalyst for Market Moves
iShares XRP Spot ETF: A Potential Game-Changer for the Cryptocurrency Market
The Impact of iShares Bitcoin Trust on ETF Trends
The introduction of the iShares XRP spot ETF could play a pivotal role in shaping the future of the spot ETF landscape. Since its debut in January 2024, the iShares Bitcoin Trust (IBIT) has attracted an impressive $52.646 billion in net inflows. This surge has effectively countered the $23.333 billion in net outflows from the Grayscale Bitcoin Trust (GBTC), resulting in a net inflow of $49.622 billion for the Bitcoin spot ETF sector. The significant inflows recorded in May 2025 propelled Bitcoin to a record high of $111,917, suggesting that XRP might experience similar investor enthusiasm.
SEC Developments and Market Sentiment
Eric Balchunas, a Senior ETF Analyst at Bloomberg Intelligence, expressed optimism regarding the SEC’s intention to adopt a standardized approach for ETF approvals. He stated:
“This is what everyone desires; it aligns with logical expectations, and we are quite optimistic (95% confidence on most cryptocurrencies) about the likelihood of approval. The key question remains what the specific standards will be. We anticipate they will be flexible enough to accommodate the majority of the top 50 cryptocurrencies for ETF inclusion.”
XRP Price Trends: SEC Appeal and ETF Prospects
On July 5, XRP experienced a slight decline of 0.11%, following a 1.65% drop the previous day, closing at $2.2195. This performance was below the overall market, which saw a modest increase of 0.21%, bringing the total cryptocurrency market capitalization to $3.29 trillion. Ongoing uncertainty surrounding the SEC’s plans regarding its appeal has left XRP lagging behind the broader market trends.
The short-term outlook for XRP’s price is closely tied to developments concerning the SEC’s appeal and the potential for an XRP spot ETF.
Key Price Levels to Watch
A breakout above the June 11 peak of $2.3376 could set the stage for a challenge of the May 12 high of $2.6553. Continued buying momentum might lead XRP towards the $3 mark, potentially revisiting the January 16 high of $3.3999.
On the other hand, if XRP falls below the 50-day Exponential Moving Average (EMA), it could expose the cryptocurrency to the 200-day EMA and the critical psychological support level of $2.
