XRP News Today: Ripple Ends SEC Battle XRP Surges 3.5% to $3.18

Ripple's long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) has finally come to an end, marking a significant turning point for the cryptocurrency industry. Ripple's decision to drop its cross-appeal in the XRP lawsuit has sparked widespread speculation about the potential launch of a U.S. spot XRP ETF, with asset management giant BlackRock emerging as a potential frontrunner.

Industry analysts have hailed Ripple's move as a major milestone, clearing the way for a spot XRP ETF. With the legal hurdles seemingly out of the way, BlackRock and other major players may now feel more confident in exploring the launch of an XRP-backed ETF. This optimism has already translated into a positive market reaction, with XRP's price surging over 3.5% to $3.18 following the news. The rally was accompanied by $5.5 million in liquidations, primarily from short sellers who had bet against the price increase.

While BlackRock has not officially confirmed any plans to launch an XRP ETF, speculation is rife. Earlier rumors in April and May 2025 about BlackRock's interest in a spot XRP ETF were not substantiated, as the company had previously stated that it was not interested in altcoins like XRP due to the ongoing legal issues with the SEC. However, the recent developments have led analysts to raise the odds of an XRP ETF approval to over 95%, indicating a more positive engagement from the SEC with altcoin ETF filings. According to Polymarket, there is now a 78% chance that a spot XRP ETF will be approved in the U.S. before the end of 2025, with BlackRock being the most likely player to take the lead.

Legal experts have praised Ripple's strategic decision, noting increasing signs of institutional accumulation. Large wallets have been loading up on XRP even before the lawsuit ended, suggesting renewed confidence in the cryptocurrency. While the U.S. is still in the process of warming up to XRP ETFs, Canada has already launched one. The 3iQ XRP ETF debuted recently and quickly hit $32 million in assets under management, demonstrating strong early demand. All eyes are now on the U.S. to see if BlackRock will make the next big move in the cryptocurrency ETF space.