XRP News Today: Will XRP Hit $5? ETFs and SEC Settlement in the Spotlight

ProShares XRP ETFs Set to Launch Amid Legal Breakthroughs

Investors brace for a potential game-changer in the XRP market. On Saturday, April 26, XRP gained 0.42%, partially reversing Friday’s 1.03% loss to close at $2.1916. The token mirrored the broader crypto market, which rose 0.31%, bringing the total market cap to $2.92 trillion.

XRP ETF-related news bolstered XRP demand. ProShares is set to launch its three XRP Futures ETFs on Wednesday, April 30. The ETFs, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, will offer investors exposure to XRP price trends without holding the token directly.

The expansion of Futures ETFs reflects growing regulatory acceptance of XRP as an asset class. Importantly, investors may consider the futures market as a stepping stone toward an XRP-spot ETF market.

SEC Appeal Withdrawal Crucial for XRP-Spot ETF Approvals

While futures ETFs draw interest, an SEC appeal withdrawal and resolution of the Ripple case remain crucial for XRP-spot ETF approvals. Investors await an SEC court filing requesting Judge Torres to lift the injunction prohibiting XRP sales to institutional investors and to lower the $125 million penalty as part of an agreed settlement.

Ripple Chief Legal Officer Stuart Alderoty recently highlighted the developments, stating:

“The SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request.”

However, SEC Commissioners must vote on the proposed agreements with SEC staff. Ripple CEO Brad Garlinghouse provided further details on discussions with the SEC and steps toward an end to the case, stating:

“We have reached agreement with staff. Usually, what happens is you reach agreement with staff. Staff makes recommendations to the Commission, and then the Commission votes. […] The Commission hasn’t yet voted. But, what we’ve agreed is to dismiss and move on. We had put in escrow a potential fine of $125 million. We’re actually taking most of that back.”

If Judge Torres grants such a motion, Ripple will withdraw its cross-appeal and the SEC will formally end its appeal challenging the Programmatic Sales of XRP ruling.

XRP Price Outlook: Legal Moves and ETF Progress in Focus

The near-term trajectory hinges on several key factors, including whether the SEC formally withdraws its appeal, the terms of any settlement, and progress toward XRP-spot ETF approvals.

Price Scenarios:

• Bullish Scenario: An SEC appeal withdrawal and a favorable settlement ruling could drive XRP toward its all-time high of $3.5505. ETF approvals may fuel institutional demand, with a potential longer-term post-ETF launch move toward $5.
• Bearish Scenario: Appeal withdrawal delays, adverse court rulings, or ETF rejections could see a retreat toward the $1.50 mark.

XRP Price Action

Daily Chart

XRP trades below the 50-day Exponential Moving Average (EMA) but holds above the 200-day EMA, indicating a bearish near-term outlook with long-term support intact.

A break above the 50-day EMA could pave the way for a retest of the March 19 high of $2.5925. If XRP makes a decisive move above $2.5925, the January 16 high of $3.3999 may come into sight.

On the downside, a drop below the April 21 low of $2.0596 could expose the 200-day EMA and bring the $1.9299 support level into play.

Broader Market Outlook

XRP’s performance also hinges on external market conditions. Earlier this year, XRP rallied to $3.3999 amid optimism surrounding an SEC appeal withdrawal and Trump’s pro-crypto stance.

However, rising trade tensions and recession fears have weighed on crypto market sentiment. Going forward, developments in the SEC’s appeal process, Ripple’s litigation strategy, and the regulatory pathway toward XRP-spot ETF approvals will dictate the next major move.

Discover detailed price targets and SEC timeline insights here.