XRP ETF Approval Odds Surge to 93% Amid Regulatory Optimism
Investor confidence in the approval of an XRP ETF has skyrocketed to near-certainty levels, with Polymarket data indicating a 93% probability by 2025. This represents a significant 20% increase since May, driven by Ripple's recent regulatory victories and a growing wave of crypto-friendly sentiment following the U.S. presidential election. Multiple institutional players have already filed for XRP ETFs, although the SEC's recent delay of Grayscale's application has temporarily tempered enthusiasm. Currently, the price of XRP stands at 2.20130000 USDT, reflecting the market's cautious optimism. As the crypto community eagerly awaits further developments, the potential approval of an XRP ETF could mark a pivotal moment for the digital asset's mainstream adoption and price trajectory.
XRP ETF Approval Odds Surge to 93% Amid Regulatory Optimism
Investor confidence in an XRP ETF approval has reached near-certainty levels, with Polymarket data showing a 93% probability for 2025. This marks a 20% surge since May, fueled by Ripple's regulatory wins and a wave of crypto-friendly sentiment following the U.S. presidential election.
Multiple institutional players have filed for XRP ETFs, though the SEC recently delayed Grayscale's application, temporarily dampening enthusiasm. The broader market anticipates 2025 as a potential breakout year for altcoin ETFs, with over 70 filings currently under regulatory review.
Ripple CEO Brad Garlinghouse Dispels Circle Acquisition Rumors
Ripple CEO Brad Garlinghouse has firmly denied rumors of a potential acquisition of Circle, the issuer of the USDC stablecoin. During a conversation with Georgetown Law professor Chris Brummer, Garlinghouse emphasized Ripple's focus on its strategic trajectory, including the recent acquisition of Hidden Road. This move aligns with Ripple's broader ambitions to solidify its infrastructure, particularly with the integration of its RLUSD stablecoin as collateral on its ledger.
Garlinghouse also highlighted Ripple's engagement with the United Arab Emirates on tokenized real estate projects, signaling a shift from theoretical discussions to practical implementation in premium asset classes. The CEO's vision underscores Ripple's commitment to innovation and expansion, rather than pursuing acquisitions.
Ripple's XRP Shows Bullish Potential Amid Technical Correction and RLUSD Launch
Ripple's XRPUSD is exhibiting signs of completing an intraday corrective pullback, with technical indicators suggesting a potential reversal. The cryptocurrency has reached a key support level at the former wave »iv« swing low and channel support line, hinting that wave »c« of an abc correction in wave 2 may be concluding. A decisive breakout above the channel resistance line near $2.28 would confirm bullish momentum.
Ripple's recent outperformance can be attributed to the launch of its U.S. dollar-backed stablecoin, RLUSD, on December 17, 2024. Designed for enterprise-grade payments, RLUSD enhances global money transfers with its 1:1 backing by U.S. dollar deposits, government bonds, and cash equivalents. This development underscores Ripple's growing institutional adoption and its focus on improving cross-border payment systems.
Ripple CEO Denies $5 Billion Circle Acquisition Rumors, Focuses on RLUSD Stablecoin
Ripple CEO Brad Garlinghouse has categorically denied rumors of a potential $5 billion acquisition of Circle, the issuer of USDC. The speculation gained traction amid Ripple's aggressive push into the stablecoin market, including its upcoming RLUSD stablecoin designed for the XRP Ledger and Ethereum.
Speaking at the XRP Las Vegas event, Garlinghouse stated unequivocally, "We did not pursue an acquisition of Circle." The denial comes despite market chatter suggesting Ripple's recent acquisition of Hidden Road might precede a Circle merger. Analysts had speculated such a move could instantly position Ripple as a dominant player in the $150 billion stablecoin sector.
Ripple's RLUSD initiative marks its strategic pivot toward stablecoins, with the token expected to leverage the company's existing cross-border payment infrastructure. The development underscores intensifying competition in the stablecoin space, particularly against market leaders Tether (USDT) and Circle's USDC.
XRP $300M Deal: Webus & Samara Alpha Drive Global Digital Assets
Webus, a Chinese collective mobility service provider, has partnered with New York-based alternative asset management firm Samara Alpha Management to oversee a significant XRP holding valued at up to $300 million. The collaboration signals growing institutional interest in digital assets, particularly XRP, as a viable component of diversified investment strategies.
The deal underscores the expanding role of cryptocurrency in traditional finance, with specialized firms increasingly managing large-scale positions. Neither party has disclosed specific details about the custody arrangement or intended use of the XRP holdings, leaving market observers to speculate about potential applications in cross-border payments or liquidity solutions.
Ripple Price Forecast: XRP Eyes Recovery Amid $300M Treasury Strategy
XRP consolidates between key moving averages as market participants assess a potential breakout. The token's current price of $2.24 reflects cautious sentiment across crypto markets.
China's Webus International has filed with the SEC to raise $300 million for an XRP-focused corporate treasury strategy. The AI-driven mobility solutions provider plans to utilize Ripple-powered payments infrastructure.
Derivatives data shows bullish signals with open interest reaching $4 billion and significant short liquidations. This activity suggests growing institutional interest despite the current consolidation phase.