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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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BlackRock’s XRP ETF Rumors Spark Speculation on Price Surge
XRP, long a focal point in cryptocurrency discussions due to regulatory battles and technological developments, now faces potentially transformative news as rumors swirl that BlackRock, the world’s largest asset manager overseeing $11.6 trillion, may soon file for a spot XRP exchange-traded fund (ETF). This move has stirred excitement and speculation about XRP’s future trajectory in the U.S. market.
Market sentiment has notably shifted, with traders on Polymarket, a blockchain-based prediction platform, raising the odds of SEC approval for an XRP ETF to 83%—a significant jump from 68% just a month ago. Such confidence echoes past patterns seen with Bitcoin and Ethereum ETFs, where filings triggered sharp price rallies.
The prospect of BlackRock’s involvement is seen by industry insiders as a potential catalyst for XRP’s mainstream acceptance. However, the looming regulatory hurdle remains the ongoing Ripple versus SEC lawsuit, which centers on whether XRP qualifies as a security. This unresolved legal status has kept XRP in a more uncertain position compared to Bitcoin and Ethereum, which enjoy clearer regulatory definitions.
Currently trading near $2.33, XRP has already seen modest gains. Analysts suggest that if BlackRock files for the XRP ETF and it gains eventual approval, the price could swiftly climb beyond $3 and even reach $4.60 or higher in the months ahead. As anticipation builds, investors and observers alike are closely watching to see if this filing will indeed unlock a new chapter for XRP’s market performance.