XRP News Today: Ripple Eyes BlackRock Deal as XRP ETF Odds Hit 87%; BTC Dips

XRP Awaits Milestone as SEC Eyes Formal Appeal Withdrawal

XRP will take center stage on Thursday, March 27, as investors await the SEC’s formal withdrawal of its appeal against the Programmatic Sales of XRP ruling. If confirmed, the withdrawal would mark a significant milestone for XRP and the broader crypto market, potentially accelerating the path toward an XRP-spot ETF launch.

Despite anticipation around the SEC’s withdrawal and Ripple dropping its cross-appeal, XRP has yet to retest its January high of $3.3999. However, the potential launch of a US XRP-spot ETF could have a far greater impact on XRP’s supply-demand trajectory.

Institutional demand for XRP could surge if Ripple’s US expansion gains traction, supporting a move to new highs.

ETF Store President remarked on the prospects of an XRP-spot ETF, stating:

“Seems obvious spot XRP ETF approval simply matter of time IMO. And yes, I expect BlackRock, Fidelity, etc to all be involved. XRP currently 3rd largest non-stablecoin crypto asset by market cap. Largest ETF issuers aren’t going to ignore this.”

BlackRock XRP-Spot ETF Crucial for Supply-Demand Trajectory

Ripple CEO Brad Galinghouse recently hinted at a potential collaboration with BlackRock (BLK) to launch a US-based XRP-spot ETF. BlackRock’s involvement could significantly impact market supply-demand trends. Since launching a BTC-spot ETF in January 2024, the iShares Bitcoin Trust (IBIT) has seen net inflows of $39,834 million, playing a key role in the market’s success.

Excluding IBIT, the US BTC-spot ETF market would have recorded net outflows of $3,604 million. Demand for BlackRock’s BTC-spot ETF has helped rebalance BTC’s supply-demand dynamic, contributing to its surge to a record high of $109,312.

The hype surrounding a potential US XRP-spot ETF market has intensified recently. Crypto.com CEO Kris Marszalek reportedly said:

“XRP ETFs are going to attract $8 billion of inflows in 2026.”

According to Polymarket, a crypto-betting platform, the odds for an XRP-spot ETF approval by December 2025 have climbed to an all-time high of 87%, up from 57% in January.

XRP Price Outlook: ETF Bets in Focus

On Wednesday, March 26, XRP slid by 4.11%, after a marginal 0.01% gain on Tuesday, closing at $2.3513. The token underperformed the broader market, which dipped by 1.06% to a total crypto market cap of $2.79 trillion.

Key factors influencing XRP’s price outlook:

• SEC vs. Ripple Court Filings: The SEC’s appeal withdrawal vote and anticipated court filings to vacate the injunction
• XRP-Spot ETF Prospects: An ETF approval could send XRP toward $3.5505, while delays may cap gains.
• Macro Risks: Escalating trade tensions or US recession fears could pressure XRP toward $1.7938, though easing risks may offer support for a climb back toward $3.

Read expert analysis on what could drive XRP to new highs here.

BTC Takes a Tariff Hit

XRP’s mid-week losses coincided with a bitcoin (BTC) pullback. Investors reacted to President Trump’s announcement of 25% auto tariffs on foreign-made cars. The move reignited fears of a global trade war, sending the Nasdaq Composite Index down 2.04%.

BTC-Spot ETF Eight Session Inflow Streak at Risk

The US BTC-spot ETF market also felt the effects of Trump’s tariff announcement. According to Farside Investors:

• Bitwise Bitcoin ETF (BITB) reported net outflows of $18.3 million on March 26.
• Fidelity Wise Origin Bitcoin Fund (FBTC) and eight other issuers saw no net flows.

The market’s eight-day inflow streak would end if iShares Bitcoin Trust (IBIT) records inflows below $18.3 million or turns negative.

Despite the cautious mood, US BTC-spot ETFs avoided broader outflows. Optimism surrounding the proposed Bitcoin Act provided a cushion. Senator Cynthia Lummis reintroduced the Bitcoin Act on March 11, proposing the US government acquire one million BTC over five years with a 20-year holding mandate. If passed, the Bitcoin Act could significantly impact BTC’s long-term supply-demand balance.

Bitcoin Price Outlook: Key Scenarios

On March 26, BTC fell 0.54%, reversing Tuesday’s 0.38% gain, closing at $86,943.

Potential scenarios:

• Bearish Scenario: Rising geopolitical or macroeconomic tensions, political pushback on the Bitcoin Act, or extended ETF outflows could pressure BTC toward $70,000.
• Bullish Scenario: Strong macro data, easing trade concerns, bipartisan backing for the Bitcoin Act, and steady ETF inflows may lift BTC toward $109,312.

Market Outlook: Key Drivers

Several macro and regulatory themes are likely to influence the crypto landscape in the near term:

• The final resolution of Ripple’s legal battle with the SEC.
• Changes in US trade policy.
• Progress on the Bitcoin Act.
• BTC-spot ETF inflows.

While the SEC’s recent actions offer some immediate relief, lasting investor confidence will depend on a consistent and transparent regulatory environment.

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