XRP ETF Speculation and Market Performance: What’s Next for the Digital Asset?
Despite rumors, no XRP ETFs were approved on May 7, 2025, as clarified by experts. XRP’s price saw a 2.8% increase, trading at $2.21 amid broader crypto market gains. Recent developments, including Ripple’s acquisition bid for Circle and growing ETF speculation, have fueled optimism among analysts, who now estimate an 85% probability of a spot XRP ETF approval by 2025. Here’s a detailed look at the current state of XRP and its future prospects.
No XRP ETFs Were Approved on May 7, Expert Clarifies
XRP gained 2.8% in the past 24 hours, trading at $2.21 amid broader crypto market gains. Ripple’s acquisition bid for Circle and ETF speculation have dominated recent headlines. Analysts now estimate an 85% probability of a spot XRP ETF approval by 2025.
Contrary to rumors, Tuttle Capital’s 2x LONG XRP ETF did not launch on May 7. Crypto influencer John Squire cited an SEC filing showing a proposed effective date of May 21, 2025. The clarification came as XRP continues to ride positive market sentiment.
Ripple Acquisition Target Hidden Road Expands to Abu Dhabi with Royal Family Interest
Hidden Road, a prime brokerage firm specializing in both crypto and traditional assets, is establishing a new office in Abu Dhabi. The MOVE follows its pending acquisition by Ripple, signaling deeper institutional penetration into Middle Eastern markets. James Stickland, a partner at the firm, will lead the expansion.
The company has secured in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. Sources indicate a member of the Abu Dhabi royal family may join the board upon final regulatory clearance. This development underscores the growing convergence of digital assets and sovereign wealth in strategic financial hubs.
Is RLUSD Replacing XRP for Good? Brad Garlinghouse Clarifies
Ripple’s stablecoin RLUSD has surged in prominence since its December 2024 launch, raising questions about XRP’s future role. The token secured a listing on Gemini, propelling its market cap to $317 million with $52 million in daily volume. Market observers are divided—while Ripple insists both assets serve distinct purposes, skeptics see RLUSD as a potential challenger to XRP’s dominance in cross-border payments.
Brad Garlinghouse’s recent comments sought to quell speculation, emphasizing complementary use cases. Yet the rapid adoption of RLUSD suggests a shifting dynamic within Ripple’s ecosystem. The coming months will reveal whether this represents strategic diversification or a gradual pivot away from XRP.
XRP Whales Move $782M as XRP Ledger Surpasses 1M Transactions Following Fed Decision
The XRP Ledger, Ripple’s decentralized blockchain, has surged to record transaction volumes, processing over one million transactions in early May 2025. Payment activity on the network has reached unprecedented levels, underscoring growing institutional interest in its low-cost, high-speed infrastructure.
Macroeconomic stability and expanding adoption have positioned XRP at a pivotal moment. Regulatory scrutiny and shifting signals from the U.S. Federal Reserve add complexity to its trajectory. Whale movements totaling $782 million reflect heightened activity amid these developments.
