One of the biggest uncertainties in cryptocurrencies, the Ripple and SEC events, continues to stir in XRP. Bitcoin and Ethereum ETFs’ approval had shifted focus to potential new ETFs. Recently, many commented that Solana was closer to an ETF than XRP. Amidst all this, an important statement was made by Ripple’s CEO a few minutes ago.
Is an XRP ETF Coming?
Ripple CEO Brad Garlinghouse made a significant statement a few minutes ago. Despite the legal pressures on Ripple and XRP, the famous figure suggested that XRP ETFs might start operating in 2025.
Although Bitcoin and Ethereum ETFs dominated 2024, XRP, which is in the top 10 of the market and holds billions of dollars in volume, faces many legal hurdles, but this possibility is still being discussed.
However, it should be noted that Ripple still has an unresolved SEC case that has been pending for 4 years. Last summer, an interim decision resulted in a victory for Ripple and Brad Garlinghouse, but it was not a final decision.
In the midst of all these events, it is necessary to take a closer look at what is happening with XRP, and today, the XRP price seems to be taking a positive turn.
What is the Current Price of XRP?
The XRP price appears to be rising at the time of writing following the news. The XRP price is trading at $0.5271 after a 1% increase in the last 24 hours. During this period, the market volume returned to the $29 billion level.
The 24-hour trading volume seems to have skyrocketed. Following the news, the value saw an increase of over 8%, resulting in a trading volume of $1.1 billion.
The RSI value of XRP also sharply increased with the rise, surpassing the neutral zone and reaching 56.33. This can be interpreted as buyers increasingly putting pressure on sellers.
