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Bitcoin (BTC) 
$109,094 has found an upward momentum amid the NATO summit, surpassing the $107,000 level. Investors are focusing on upcoming PCE and CPI data for signs of possible interest rate cuts. Additionally, the 4th of July tariff agreements are expected to influence market risk appetite. But what lies ahead for Ripple (XRP) 
$2?
XRP Coin ETF Prospects
Experts from Bloomberg anticipate an XRP Coin ETF approval by the end of the year due to various reasons. The expectation is that the approval will occur before the Grayscale deadline on October 17. Grayscale, having transformed BTC and ETH trusts into ETFs, has applied for XRP Coin as well. For several altcoins, the deadline is set for October-November, leaving approximately 80 days for potential developments.
According to Polymarket data, there’s an 84% chance of an XRP Coin ETF approval before year’s end. The probability of an approval by the end of July is lower, falling under 10%. At the end of the previous year, this chance was over 80%. But why is there a strong case or expectation for an XRP ETF approval?
- The CME futures listing has paved the way for an XRP Spot ETF approval, similar to BTC and ETH.
- The SEC is in close communication with potential issuers, signaling a possible approval according to Bloomberg experts.
- The new SEC administration does not consider XRP Coin as a security.
- The current SEC management has been rumored to request S-1 updates for SOL Coin, indicating progress toward altcoin ETF approvals.
- XRP is a US-based altcoin with multiple agreements with US companies.
- The SEC and Ripple have reached an agreement, leaving only procedural aspects of a long-standing case.
Insights on Ripple (XRP)
The price is anticipated to reclaim the $2.2 support as expected. An agreement with China and a truce with Iran have rekindled positive market sentiment. At the time of writing, Trump is making important announcements at NATO. The cryptocurrency market’s focus is primarily on the developments concerning tariff agreements.
Rumors surrounding EU’s retaliatory steps may further frustrate Trump as the prolonged process approaches the July 9 deadline. Trump’s threat of a 50% tax had already brought the EU to the table, making it unlikely that negotiations haven’t progressed over the past month. Therefore, we should anticipate significant agreements in early July and a rise in XRP Coin and other altcoins.
In a positive scenario for XRP Coin, a return to the $2.55 and $2.75 range is expected. The ETF excitement is robust, and with a decision coming in the months ahead, investors are anticipated to reflect the approval enthusiasm on the charts.
