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XRP Breaks...
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TronWeekly

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XRP Breaks Out as SEC Greenlights First-Ever XRP Futures ETF

  • 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.

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