- The SEC is set to rule on Grayscale’s proposed XRP ETF by October, sparking renewed interest in the asset.
- XRP’s resurgence is driven by the “Trump trade” and growing institutional adoption, with Bank of America rumored to be leveraging.
- The SEC’s evolving regulatory stance raises hopes that the long-standing lawsuit against Ripple could conclude in 2025.
The U.S. Securities and Exchange Commission (SEC) is set to rule on Grayscale’s proposed XRP exchange-traded fund (ETF) by October, following its listing on the Federal Register last Thursday. This decision could mark a pivotal moment for the XRP market as the asset continues to reclaim its relevance in the crypto space.
Once overshadowed by regulatory scrutiny, the coin has staged a strong comeback, largely fueled by political dynamics and its passionate community. Analysts attribute this revival to the so-called “Trump trade” and the unwavering support of the coin. “XRP is back on the map, thanks to the Trump trade and the rabid XRP army community,” said Trevor Koverko, co-founder of Sapien, in a conversation with TheStreet Crypto.
The growing speculation surrounding XRP’s institutional adoption has further amplified its momentum. Reports suggest that Bank of America may be leveraging XRP for internal transactions, sparking excitement about the token’s real-world use case. Additionally, the SEC’s acknowledgment of multiple XRP ETF applications has led some to speculate that the agency might be reconsidering its stance on XRP and could even drop its lawsuit against Ripple. Komodo Platform CTO Kadan Stadelmann noted that such developments indicate “a possible softening” of regulatory pressure on the company.
XRP Price Surge Faces Skepticism From Industry Leaders
Despite the optimism, some industry leaders remain wary of XRP’s price movements. Azura CEO Jackson Denka cautioned that coin has historically experienced sharp price surges followed by steep corrections. “Every cycle, the coin skyrockets in value and subsequently plummets,” Denka stated. “Until we see real adoption and actual progress of their blockchain, it is hard to make the claim that this price is sustainable.”
The skepticism is not unfounded. While political winds may currently favor the crypto industry, market dynamics remain unpredictable. XRP’s ability to maintain its momentum will ultimately hinge on continued adoption, regulatory clarity, and its role in financial infrastructure.
Adding to the political backdrop, former President Donald Trump recently shared an article on TruthSocial that highlighted Ripple Labs’ expanding U.S. operations. The piece, which gained traction in the crypto community, cited Ripple CEO Brad Garlinghouse’s remarks about increased hiring and a surge in business deals following Trump’s potential return to the White House. Notably, the article claimed that Trump’s reelection drove the coin price up by over 300%, further cementing the narrative that political developments are shaping the token’s trajectory.
Ripple Lawsuit 2025: A Turning Point for XRP
The ongoing legal battle between the SEC and Ripple remains a defining issue for the coin. The lawsuit, centered around whether the coin is a security, has had far-reaching implications for the digital asset industry. However, recent actions by the SEC suggest a possible shift in its regulatory approach. Under Trump’s administration, the agency temporarily paused its lawsuit against Binance for 60 days, leading some to believe that enforcement actions against major crypto firms may be slowing down.
For Ripple investors, this raises hopes that the lawsuit may finally reach a resolution in 2025. While some believe a settlement is imminent, others warn that the legal battle could drag on, given its significance for the broader crypto market.
XRP price today is $ 2.66 with a 24-hour trading volume of $ 7.51B, market cap of $ 153.07B. The coin price decreased -1.99% in the last 24 hours.
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