XRP News Today: XRP Gains Momentum as Ripple Drops Appeal, ETF Approval Looms

Well-known crypto analyst and author Paul Barron has sparked significant interest within the XRP community by hinting at major developments on the horizon for XRP. Although Barron has not disclosed specific details, his statement has coincided with several anticipated updates in the coming weeks, fueling further speculation among market participants. The XRP community is now eagerly awaiting more clarity on the expected timeline, hoping to determine whether the reveal will occur within days or stretch into the coming month.

Recent updates surrounding the SEC v. Ripple lawsuit have also contributed to the rising optimism. Ripple Labs announced last month that it would no longer pursue further legal appeals following a final ruling issued by Judge Torres in August 2024. Instead of continuing its appeal, Ripple stated its intention to prioritize future initiatives. This decision is viewed as a strategic step toward closing the lawsuit. The resolution of this long-standing case is expected to open the door to new partnerships, institutional involvement, and strategic moves that had been postponed due to legal uncertainties. Members of the XRP community are now awaiting Ripple’s formal withdrawal from the case and the official conclusion of the proceedings.

Adding to the momentum, XRP recently gained exposure through its inclusion in Grayscale’s Digital Large Cap Fund (GDLC), which has received approval to convert into a spot ETF. This marks a significant shift, as it introduces XRP into an ETF format accessible to institutional investors, previously limited to futures-based products. This development has intensified calls for a dedicated XRP spot ETF. Currently, multiple proposals, including those from Grayscale and Franklin Templeton, are under the SEC review. Observers believe that a standalone spot ETF could be approved before the regulatory deadline in October 2025, especially given the broader trend of increasing institutional involvement in digital assets.

Beyond ETF progress, more companies are beginning to adopt XRP as part of their financial strategies. At least nine firms, representing diverse sectors such as pharmaceuticals, energy, cannabis, and technology, have publicly disclosed plans to hold XRP in their treasuries. In total, these companies are investing nearly $1 billion in XRP holdings. Key participants include Trident Digital Tech Holdings ($500 million), Webus ($300 million), VivoPower ($100 million), and Wellgistics Health ($50 million). This growing corporate adoption underscores XRP’s appeal as both a reserve asset and a tool for cross-border financial operations.

Tuttle Capital Management is set to launch a new suite of leveraged crypto ETFs on July 16, which will include products linked to XRP, Solana, and BNB. As per regulatory procedure, the filings will be automatically approved unless the SEC raises formal objections. This move mirrors the previous strategies used by Teucrium and Volatility Shares, which successfully launched XRP futures ETFs using similar regulatory frameworks. With positive legal outcomes, heightened institutional interest, and expanding product offerings, XRP appears to be entering a new phase of market relevance. While details of Paul Barron’s statement remain unclear, the broader environment suggests that XRP holders may have multiple reasons to stay optimistic in the coming months.