- XRP captures 25% of pending ETF filings, reflecting its rising institutional appeal
- ProShares to launch three XRP futures ETFs, signaling growing regulatory traction
- MACD and RSI indicators suggest XRP may sustain bullish momentum despite pullback
Ripple’s XRP is making waves once again as traders grow increasingly optimistic about its future in the ETF space. A major shift is underway: around 25% of pending crypto ETF applications are tied to XRP, highlighting its growing significance.
Besides, betting markets like Polymarket now reflect a 78% chance that a Ripple ETF will gain approval by 2025. This surge in sentiment follows an 8% rise in ETF approval odds, fueled by increasing institutional interest. With three ProShares XRP derivative ETFs set to launch, the groundwork is being laid for XRP to cement its place within regulated financial markets.
New ETF Products Signal XRP’s Growing Legitimacy
ProShares recently updated filings with the SEC to introduce three new XRP-focused ETFs. These are the ProShares Ultra XRP ETF, ProShares UltraShort XRP ETF, and the ProShares Short XRP ETF.
Unlike traditional spot ETFs, these products will use derivatives to track XRP’s price movements. Hence, traders can bet both for and against XRP, often with the benefit of leverage.
Interestingly, the approval of derivatives-based ETFs before spot products continues a familiar trend seen with Bitcoin and Ethereum. Futures products have consistently received regulatory green lights ahead of simpler spot-based funds. Consequently, many traders view the upcoming XRP futures ETFs as a stepping stone toward the highly anticipated spot XRP ETFs.
Moreover, the SEC has already acknowledged multiple spot XRP ETF applications from major firms like Bitwise, 21Shares, and Grayscale. The official review process has begun, with Bloomberg predicting key deadlines to fall by mid-October 2025. Significantly, this marks notable progress compared to the previous year when XRP-related filings often faced immediate rejection.
There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35
— Eric Balchunas (@EricBalchunas) April 21, 2025
XRP Price Action and Market Sentiment
In terms of price movement, XRP has shown mixed signals in recent trading sessions. It is currently priced at $2.29, down 2.43% on the day. The cryptocurrency faced strong resistance around $2.34 to $2.348, repeatedly failing to break above this level. On the downside, XRP found support at $2.26, which helped spark a modest recovery.
Additionally, trading volume dropped 31.53% to $3.31 billion, signaling weaker market activity. However, key technical indicators point to a cautiously optimistic outlook. The MACD shows a bullish crossover while the RSI sits at 60.15, indicating building buying pressure but not yet approaching overbought conditions.
