XRP News Today: XRP jumps 9% as legal settlement fuels BlackRock ETF speculation

XRP surged nearly 9% following Ripple’s legal settlement with the U.S. Securities and Exchange Commission (SEC), reigniting speculation about BlackRock’s potential move to launch an XRP-based exchange-traded fund (ETF) [1]. The cryptocurrency reached $3.38, its highest level since July 23, reflecting a strong buying push, especially from traders in South Korea. Ripple’s legal case had long cast a shadow over XRP’s market dynamics, but the $125 million settlement brought clarity, signaling a possible shift in regulatory perception [1].

Analysts have begun to speculate that BlackRock, one of the largest asset managers in the world, may now consider filing for an XRP ETF, given the resolution of the SEC case and the subsequent market response [1]. While no official statements have been made by BlackRock, the timing of XRP’s rally has intensified discussions about whether the firm is preparing to enter the XRP market in a structured investment product format. Such a move could further amplify demand for XRP, similar to the impact seen with Bitcoin and Ethereum ETFs earlier in the year.

The recent price action underscores the sensitivity of the cryptocurrency to both regulatory developments and institutional interest. With the legal uncertainty surrounding XRP now partially alleviated, investors are reassessing risk profiles and positioning portfolios accordingly. The market reaction—particularly the geographic concentration of buying interest in South Korea—suggests a broader re-engagement with XRP across retail and institutional participants.

As the crypto market continues to evolve, the interplay between regulatory outcomes and institutional adoption remains a key factor in shaping investor sentiment. The potential for BlackRock to pursue an XRP ETF highlights the ongoing integration of cryptocurrencies into traditional financial markets, albeit with regulatory hurdles and market volatility still playing critical roles [1].

[1] Source: title1 (https://en.coinotag.com/xrps-recent-rally-sparks-speculation-on-blackrocks-potential-etf-move/)