XRP News Today: ETF Buzz Grows as SEC Pauses Appeal—Is $3 Next? BTC Hits $83k

Ripple Case Nears Ruling – Will XRP Soar or Stall?

The SEC vs. Ripple case remained in market focus on Friday, April 11, after the joint filing to suspend the SEC’s appeal. Markets await the SEC’s formal appeal withdrawal and Judge Torres’ ruling on the Final Judgment settlement.

Ripple Chief Legal Officer Stuart Alderoty previously shared details of a settlement, which included:

• A penalty of $50 million, down from $125 million, for violating US securities laws.
• Vacation of the injunction prohibiting XRP sales to institutional investors.

While a lower penalty would be a boost, the potential vacation of the injunction could be crucial to Ripple’s expansion in the US.

Will an XRP-Spot ETF Market Drive Demand

The court filing renewed speculation about a potential XRP-spot ETF approval. An end to the SEC’s appeal against the Programmatic Sales of XRP ruling could pave the way to a US XRP-spot ETF market. The launch of XRP-related products could drive institutional demand, introducing long-term capital into the XRP market.

Bloomberg Intelligence Senior ETF Analyst Eric Balchunas commented on the recent launch of the XXRP ETF, stating:

“The volume on XXRP is impressive, these are big numbers for Day Two-Four, esp for a 2x indie in a whack market. Child’s play vs bitcoin ETFs of course, but really strong, this thing is finding an audience quickly.”

The Teucrium 2x Long Daily XRP ETF launched this week, with early flow trends signaling solid demand as the Ripple case nears its resolution. Similar enthusiasm for an XRP-spot ETF could support a move toward new record highs.

Outlook for XRP: Appeals and ETF Prospects

On Friday, April 11, XRP gained 2.88%, partially reversing Thursday’s 4.24% loss to close at $2.0214. However, XRP underperformed the broader crypto market, which climbed 3.95%, taking the total crypto market cap to $2.6 trillion.

Key drivers for XRP’s price action ahead include:

• SEC vs. Ripple Court Filings/Rulings: Final Judgment settlement terms and a formal SEC appeal withdrawal, which could push XRP toward its record high of $3.5505.
• XRP-Spot ETF Prospects: The outcome of XRP-spot ETF discussions, where approval may attract institutional inflows while delays could limit the upside.
• Macroeconomic risks: renewed U.S.-China trade tensions, weak domestic data, or hawkish Fed guidance may pressure XRP to $1.70. Conversely, tariff relief or upbeat data could open a path toward $3.00.

See our full XRP forecast here.

Bitcoin Rallies as Trump Repeals Crypto Tax Rule

XRP’s gains coincided with a bitcoin (BTC) rally after President Trump signed the first crypto legislation into law. Bo Hines, Head of Trump’s Digital Assets Advisory Council, commented:

“Huge moment! First crypto legislation ever signed into law. Repealing the IRS’s DeFi broker rule protects innovation and privacy – another big step toward ushering in a gold age for digital assets.”

The US Congress passed the bill with bipartisan support (House: 239-132 vote, Senate: 70:28 vote). The repealed rule imposed standard crypto broker reporting requirements, including stringent KYC on DeFi platforms. The new regulatory shift may create a more favorable environment for digital assets.

Ripple CEO Brad Garlinghouse took a bullish price outlook for BTC amid the shifting regulatory landscape, stating,

“I think $200,000 is not unreasonable. I think before, I’ve kind of said $175,000 or around there. The largest economy in the world, the United States, went from headwinds, hostility, to tailwinds. And I think people are still not fully quantifying how significant that is to have the largest economy in the world, the largest asset managers in the world go from relatively frozen out or hostile to now a friendly market that has sensible regulations, that is thinking about pro-innovation here at home.”

US BTC-Spot ETF Market Extends Outflow Streak

Notably, the US BTC-spot ETF market reflected ongoing concerns about US tariffs and the economic outlook. According to Farside Investors, key flows for April 11 included:

• ARK 21Shares Bitcoin ETF (ARKB) reported net inflows of $11.3 million.
• Meanwhile, Bitwise Bitcoin ETF (BITB) had net outflows of $12.3 million.

Total US BTC-spot ETF ouflows reached $1 million, extending the outflow streak to seven sessions. Continued outflows would pressure BTC’s supply-demand balance and price trends.

BTC Price Outlook: Bearish vs. Bullish Scenarios

On April 11, BTC advanced 4.75%, reversing Thursday’s 3.63% loss, closing at $83,371.

Near-term scenarios include:

• Bearish Scenario: Renewed trade war tensions, poor US economic indicators, a hawkish Fed stance, continued ETF outflows, or opposition to the Bitcoin Act could send BTC toward $70,000.
• Bullish Scenario: A de-escalation in trade tensions, dovish Fed signals, bipartisan momentum behind the Bitcoin Act, and consistent ETF inflows may lift BTC toward $109,312.

Market Outlook: Themes to Watch

Near-term sentiment will likely hinge on:

• Developments in the SEC vs. Ripple case.
• Global trade and tariff headlines.
• US macroeconomic indicators and Federal Reserve guidance
• Institutional flows into crypto ETFs.
• Bitcoin Act-related updates.

While the SEC’s latest move offers short-term clarity, long-term outlooks will hinge on regulatory developments and macroeconomic stability. Explore what analysts say is needed for cryptos to reach new highs.