XRP News Today: SEC to Rule on REX-Osprey XRP ETF July 25, 90% Approval Chances as Price Eyes $6 Target

The U.S. Securities and Exchange Commission (SEC) is set to review the REX-Osprey spot XRP exchange-traded fund (ETF) on July 25, a decision that has drawn significant attention from the crypto community and institutional investors [1]. The agency’s decision follows its recent approval of the REX-Osprey Solana Staking ETF (SSK) in early July, raising hopes that a similar outcome might apply to XRP [2]. A regulatory green light for the XRP ETF would not only provide clarity on the asset’s legal status but also mark a pivotal step in mainstream adoption, particularly given the ongoing ripple (Ripple) vs. SEC litigation [3].

The REX-Osprey XRP ETF is uniquely structured under the Investment Company Act of 1940, distinguishing it from most crypto ETFs typically registered under the Securities Act of 1933 [4]. This approach, coupled with the existence of regulated market infrastructure such as the CME XRP index and futures, strengthens the case for institutional participation [5]. Notably, multiple major firms—Grayscale, Bitwise, Canary, 21Shares, WisdomTree, CoinShares, and Franklin—have also filed for spot XRP ETFs, underscoring growing demand for regulated exposure to the asset [6].

Analysts, including Bloomberg’s Eric Balchunas and James Seyffart, have assigned a 90% probability of approval, citing the SEC’s recent track record and the broader trend toward crypto-friendly regulation [7]. If approved, the ETF could catalyze institutional demand for XRP, potentially reshaping its market dynamics. Current price action reflects this anticipation: XRP hit a seven-year high of $3.65 earlier this year, though recent profit-taking has pushed the price down to $3.03 as of the latest data [8]. Despite a 6% 24-hour decline and a 13% weekly drop, open interest in XRP perpetual contracts remains robust, indicating sustained institutional interest [9].

Price forecasts from analysts are divergent. Crypto Tony emphasizes long-term optimism, while Ali Martinez and EGRAG CRYPTO project more aggressive targets, citing technical indicators like a daily chart triangle breakout and a weekly bull flag pattern [10]. Martinez predicts XRP could reach $6–$15 this year, while EGRAG CRYPTO forecasts $6.26, $16.5, and even over $20 in subsequent phases [11]. However, these projections remain speculative, and investors are cautioned to account for market volatility and recent options expiries, which have contributed to a 40% drop in 24-hour trading volume [12].

Notable on-chain activity includes a $36 million inflow into XRP funds following the ProShares Ultra XRP ETF listing on NYSE Arca, alongside whale accumulation of $280 million in XRP over the past 10 days [13]. Ripple’s executive chairman, Chris Larsen, has also liquidated a portion of his holdings, highlighting the asset’s mixed signals for market participants.

Source: [1][2][3][4][5][6][7][8][9][10][11][12][13] [title: XRP News: All Eyes on Rex-Osprey ETF Approval, Price To $6?] [url: https://coinmarketcap.com/community/articles/6883a2f4cf73665c3b5f8999/]