Two factors help XRP ETFs pass the SEC door

! Two factors help XRP ETF pass SEC door* ProShares will launch XRP ETF futures in the United States at the end of April.

• XRP leads the spot ETF race with 10 applications.

According to market experts, ETF approval (quỹ spot đổi) trading for Ripple [XRP] in the United States is likely to happen soon.

Speculation intensified after ProShares updated its application for XRP ETFs based on futures and swap agreements.

According to SEC filings, the product is scheduled to launch on April 30. If that happens, there will be two futures ETFs for XRP (ProShares and Teucrium) in the United States.

According to ETF Store’s Nate Geraci, this is a powerful catalyst for being able to approve spot products.

“XRP ETF 2x is active and trading… I simply don’t see the SEC not approving spot ETFs for XRP. And that’s going to happen sooner rather than later.”

For those who don’t know, both the BTC spot ETF and ETH ETF are approved after the futures products are adopted.

XRP leads the altcoin ETF race

KaiKo, a cryptocurrency research firm, asserts that spot ETFs for XRP can be approved more quickly than Solana [SOL] ETFs, due to the liquidity of the altcoin market and the number of issuers interested.

The company noted that 10 issuers have filed spot ETF applications for XRP, compared to just 5 for SOL ETFs.

! XRP ETF Source: Kaiko

The company adds,

Both XRP and SOL have the highest average market depth of 1% on Kaiko Indices’ endorsed exchanges, while Cardano’s ADA ranks 3rd. XRP’s market depth has skyrocketed since late 2024, flipping SOL upside down and doubling ADA."

! XRP ETF Source: Kaiko

Kaiko stated that previous SEC leaders were keen on market liquidity to ensure products are well structured before approving any applications. If this still applies to the new SEC, XRP could be ranked higher in approval reviews.

However, Polymarket remains confident that the spot ETF for XRP in the United States will be approved this year. They estimate there is a 75% chance of approval by 2025.

Still, the whales have been declining in engagement since February, according to (đỏ overly negative indicator, Whale vs. Retail Delta).

! XRP ETF Source: Kaiko

Active participation from the “whales”, as in October and early January (thanh xanh), coinciding with price booms. So, the price of XRP may be limited unless the whales step up their participation.

On the daily price chart, XRP is in a downtrend but remains in the range between resistance support, the 200DMA (đường the ngày) moving average, and the 50EMA (đường the nhân) exponential moving average.

Therefore, XRP could fluctuate between $2.20 and $2 in the short-term, but weak demand could drag prices below $2 once again.

! XRP Source: XRP/USDT, TradingView

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