XRP news today: XRP Surges 40% Amid ETF Approval, Futures Launch Delay

The XRP price is anticipated to experience a short-term rally, potentially reaching its 2025 highs, driven by the excitement surrounding the upcoming launch of XRP futures ETFs. Proshares Trust’s XRP future ETF launch, initially scheduled for May 14, 2025, has been delayed. Despite this delay, investor sentiment remains bullish, fueled by the SEC’s approval of these ETFs following Ripple’s legal victory in March 2025. The XRP price has surged over 40% from its monthly lows, reaching around $2.25.

Technical indicators, such as the XRP price breaking above a multi-week downtrend and its 21 and 50-day moving averages, suggest short-term targets of $3.40. The market's initial underestimation of the impact of spot Bitcoin ETFs in early 2024 raises the question of whether the market is similarly underpricing the potential impact of XRP futures ETFs. Some analysts speculate that XRP could surge to $10, but this seems unlikely given current macroeconomic uncertainties.

Economic uncertainty, exacerbated by President Trump’s trade war, is causing global market volatility. The US economy is showing signs of strain, with consumer confidence at its lowest since 2011 and job openings declining. Inflation concerns, driven by tariffs, are likely to keep the Federal Reserve in a hawkish stance, which could cap gains for risk-sensitive assets like XRP.

Despite these short-term risks, long-term investors may view current market conditions as a buying opportunity. The Trump administration’s pro-crypto stance and potential regulatory clarity under new SEC Chair Paul Atkins are positive developments for XRP. Additionally, Trump’s favoritism toward XRP, which he named as a key crypto for the digital assets stockpile, adds to the long-term bullish outlook.

XRP’s fundamentals remain strong, with Ripple’s RLUSD stablecoin launch in December 2024 boosting liquidity. Over 80% of Japanese banks now use Ripple Payments for cross-border transactions, and the XRP Ledger’s upgrades support over 3,400 transactions per second, positioning it for mass adoption.