XRP Price Surge

XRP’s price saw a 13% surge following the SEC dropping its case against Ripple Labs, raising hopes for future ETF approvals and increased market activity.

Ripple Overtakes Solana

Ripple Labs’ XRP has recently surged past Solana (SOL) in spot trading, now consistently capturing over 50% of the trading volume, a significant change from when SOL dominated with 70-80% share.

Increased Odds for ETF Approval

With the legal challenges removed, the likelihood of a spot XRP ETF approval in 2025 has improved, as reported by analysts at blockchain analytics firm Kaiko. Data from Polymarket shows a 6% rise in the odds for ETF approval in 2025, now pricing in an 83% chance of approval by year-end.

> “The raft of activity in XRP markets doesn’t appear to be an anomaly. Higher volumes have been matched by improved liquidity for XRP as the average 1% market depth climbed steadily — now above SOL.”
> — Kaiko

Potential for Upcoming Products

Now that the regulatory obstacles are cleared, Kaiko suggests the market might see product launches for XRP in the near future. In January, CME accidentally released a mock webpage for SOL and XRP futures, one of which has been launched, while the other has been released from regulatory hold.

Ripple CEO Brad Garlinghouse indicated earlier in March that XRP ETFs could emerge in the U.S. by the second half of 2025. There are at least ten applications for XRP ETFs—covering spot, leveraged, and inverse products—pending SEC approval, with Franklin Templeton recently adding its name to the applicants list.

Read more: Chart of the week: XRP price dips day after Ripple CEO announces SEC to drop lawsuit appeal, time to buy?