XRP is emerging as the frontrunner in the next wave of crypto ETF approvals, with recent developments suggesting it could leapfrog both Dogecoin and Solana in the race to market. As XRP’s price shows strong momentum near key resistance levels, the growing number of ETF applications signals increasing institutional interest in the digital asset.
XRP Takes Lead with 10 ETF Applications
According to recent data from Kaiko Research, XRP has accumulated an impressive 10 ETF filings awaiting SEC review, significantly outpacing its competitors. This surge in institutional interest follows the successful launches of Bitcoin and Ethereum ETFs, as asset managers seek to expand their crypto investment offerings.
The competition stands at:
- XRP: 10 ETF filings
- Solana: 5 ETF filings
- Litecoin: 3 ETF filings
- Dogecoin: 3 ETF filings
Major Players Back XRP ETF Push
Industry giants including Grayscale, ProShares, Franklin Templeton, Bitwise, and 21Shares have submitted applications, though notably, BlackRock remains absent from the XRP ETF race. The strong institutional backing suggests growing confidence in XRP’s regulatory standing and market potential.
SEC Legal Victory Clears Path
The March 2025 conclusion of Ripple’s SEC case has removed a major obstacle to ETF approval. With this regulatory clarity, analysts predict potential double-digit price targets for XRP upon ETF approval, even with modest initial trading volumes.
Market Impact and Price Projections
The combination of regulatory clarity and institutional interest through ETF applications creates a powerful catalyst for XRP’s price potential. Market analysts suggest that ETF approval could trigger significant price appreciation, potentially pushing XRP into double-digit territory.
FAQ Section
When could the first XRP ETF be approved?
While exact timing remains uncertain, industry experts anticipate potential approvals in late 2025 or early 2026, following the successful launches of Bitcoin and Ethereum ETFs.
How might an XRP ETF affect price?
Historical data from Bitcoin and Ethereum ETF launches suggests potential price appreciation of 20-30% in the months following approval, though market conditions may vary.
Why hasn’t BlackRock filed for an XRP ETF?
BlackRock’s strategy appears focused on larger market cap cryptocurrencies, though they may enter the XRP market as institutional demand grows.