The U.S. Securities and Exchange Commission (SEC) has approved the world's first XRP futures ETF by ProShares, set to launch on April 30, 2025.
Following the ETF approval, XRP's price increased by 7.5% to $2.34, with a market cap of $136.97B, indicating growing mainstream acceptance for Ripple.
Ripple remains above the 200-day EMA, suggesting long-term support despite a short-term bearish trend in XRP's price.
The ETF approval aligns with Ripple's progress in its legal battle against the SEC, with the settlement potentially rewriting the regulations for cryptocurrency classification in the U.S.