Interesting Signs About the Approval Possibility of XRP Coin ETF This Year

Bitcoin has found upward momentum in the context of the NATO summit, surpassing the 107,000 USD level. Investors are focusing on the upcoming PCE and CPI data to look for signs of potential cutting down the whales. Additionally, the tariff agreements on July 4 are expected to influence the market's risk appetite. But what is in store for Ripple. Prospects of ETF XRP Coin Experts from Bloomberg predict that the XRP Coin ETF will be approved by the end of this year for several reasons. It is expected that the approval will happen before Grayscale's deadline on October 17. Grayscale, after converting its BTC and ETH trusts into ETFs, has also applied for the XRP Coin. For some altcoins, the deadline is set for October-November, leaving about 80 days for potential developments. According to data from Polymarket, there is an 84% chance that the XRP Coin ETF will be approved before the end of the year. The probability of approval by the end of July is lower, dropping below 10%. At the end of last year, this probability was over 80%. But why is there such a strong case or expectation for the approval of the XRP ETF? The listing of futures contracts on CME has paved the way for the approval of the XRP Spot ETF, similar to BTC and ETH. The SEC is in close contact with potential issuers, signaling the possibility of approval according to Bloomberg experts. The new SEC administration does not consider XRP Coin to be a security. There are rumors that the current SEC management will require an S-1 update for SOL Coin, indicating progress in the approval of altcoin ETFs. XRP is a US-based altcoin and has signed multiple agreements with US companies. The SEC and Ripple have reached a settlement, with only the procedural aspect of a long-standing lawsuit remaining. Detailed Information About Ripple The price is predicted to recover the support level of 2.2 USD as expected. An agreement with China and a ceasefire deal with Iran have rekindled positive market sentiment. At the time of writing, Trump is making important announcements at NATO. The cryptocurrency market is primarily focused on developments related to the tariff agreement. Rumors surrounding the EU's retaliatory steps may leave Trump even more frustrated as this prolonged process approaches the deadline of July 9. Trump's threat of a 50% tariff has brought the EU to the negotiating table, making the likelihood of negotiations not progressing over the past month low. Therefore, we should expect significant agreements in early July and the increase of XRP Coin and other altcoins. In the positive scenario for XRP Coin, the price is expected to return to the range of 2.55 USD and 2.75 USD. The excitement around the ETF is strong, and with the decision set to take place in the coming months, investors are expected to reflect the enthusiasm for approval on the charts.