XRP News Today: XRP ETF Approvals in North America Spark Institutional Interest

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). As institutional interest in XRP gains traction across North America, the stage is set for what many believe could be the next big wave in crypto adoption, pending a key breakthrough.

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. While these approvals have primarily come from Canada, a jurisdiction known for its progressive stance on digital assets, they signal growing institutional confidence in XRP as a legitimate financial instrument. Canada has historically led the charge in crypto ETF approvals, having greenlit Bitcoin and Ethereum ETFs long before the U.S. followed suit. The approval of XRP ETFs there could be the first domino in a broader shift toward mainstream adoption.

According to CryptoSensei, between 11 and 12 major U.S. institutions have filed for XRP ETFs. However, none have been approved, largely due to the ongoing legal uncertainty surrounding Ripple and its native token. The crux of the delay remains the SEC’s long-running lawsuit against Ripple Labs, which alleges the company engaged in unregistered securities offerings through its 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. Days later, Ripple CEO Brad Garlinghouse announced 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 August could mark a decisive moment. “We will get an update on that in August. Please God, let this be finished and done in time,” he said, expressing the hope shared by many in the XRP community. 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.

For now, all eyes are on August, as the crypto world waits to see whether XRP will finally be cleared for liftoff. 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.

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.