XRP News Today: XRP ETF Approvals in North America Signal Institutional Confidence

Prominent crypto analyst CryptoSensei recently shared insights on what could drive a significant price surge for XRP, focusing on the growing momentum behind XRP exchange-traded funds (ETFs).

CryptoSensei highlighted that three major investment firms—Purpose Investments, Evolve ETFs, and 3iQ—have secured regulatory approval for XRP ETFs in North America. These firms collectively manage over $32 billion in assets, with Purpose Investments leading at $23 billion, followed by Evolve ETFs at $7 billion, and 3iQ at $2 billion. These approvals, primarily from Canada, indicate growing institutional confidence in XRP as a legitimate financial instrument. Canada has historically been progressive in approving crypto ETFs, having greenlit Bitcoin and Ethereum ETFs before the U.S. did. This could signal a broader shift toward mainstream adoption of XRP.

However, institutional demand in the U.S. is currently on hold due to legal uncertainties surrounding Ripple and its native token, XRP. Between 11 and 12 major U.S. institutions have filed for XRP ETFs, but none have been approved. The delay is largely due to the ongoing lawsuit between the SEC and Ripple Labs, which alleges unregistered securities offerings through XRP sales. Although Ripple scored a partial victory in July 2023 when Judge Analisa Torres ruled that XRP is not a security in itself, the case remains unresolved. Most recently, on June 26, 2025, Judge Torres rejected a proposed settlement agreement, leaving the legal status of XRP in limbo. Ripple CEO Brad Garlinghouse announced that the company would no longer pursue a counter-appeal, and the SEC is expected to drop its appeal as well, effectively allowing the case to close.

CryptoSensei believes that August could be a turning point. A favorable conclusion to the case would remove the biggest barrier holding back U.S.-based XRP ETFs. With institutional demand already building and precedents set in neighboring markets, a final resolution in the Ripple case could ignite the long-anticipated XRP rally. If the SEC steps out of the way, ETF approvals could follow swiftly, positioning XRP for a significant price explosion fueled by mainstream investment flows.

Another crypto analyst, Vincent Van Code, has shared a forecast, saying XRP price could reach $30 to $50 during the next major crypto market cycle. He based this prediction on institutional inflows, regulatory support, and real-world use cases. Van Code also pointed to Ripple’s collaboration with the Saudi central bank in 2024, speculating that XRP could be used for oil settlement payments in the future. These developments have raised XRP ETF approval chances, which may be a key trigger for further price movement in the coming months.

According to the analyst's forecast, XRP has been in a stable phase, trading within a restricted price range, which could be nearing an end. This stability is seen as a precursor to a potential breakout, with some analysts suggesting that XRP is "coiling like a spring," ready for a face-melting move. Experts have noted that XRP has completed an eight-month consolidation phase, which could lead to a notable increase in price movements. The asset has held above its $1.90 all-time high close for over eight months, signaling strong bullish consolidation. This pattern suggests that buyers are active and may be preparing for the next price movement. The Elliott Wave model by CrediBULL Crypto refers to the upward move between $0.50 and $3.60 as Wave (i), with the recent sideways trend viewed as Wave (ii) that may be followed by a more forceful Wave (iii) impulse. The next leg is estimated to be between $8 and $12, with Wave (iv) potentially bringing XRP price to $32 by 2026.

The legal landscape for XRP has also seen significant developments. The SEC’s four-year lawsuit against Ripple is nearing its conclusion, with Ripple agreeing to drop its cross-appeal. This has reduced legal uncertainty and improved confidence in XRP’s outlook. Ripple has also applied for a national banking charter and a Federal Reserve master account, which, if approved, could support XRP’s integration with traditional finance. Additionally, Ripple’s plans to issue RLUSD, a stablecoin, and expand RippleNet form key parts of its growth strategy, potentially increasing XRP’s use in payment systems and cross-border transfers.