The XRP futures ETF filing by CME Group has sparked optimism about institutional demand for XRP, despite lingering uncertainties from the Ripple-SEC lawsuit. Legal expert Bill Morgan highlights the significance of cash-settled futures contracts in boosting XRP adoption. While Brazil has already launched the first XRP ETF (XRPH11), the SEC’s stance on U.S. approvals remains unclear. XRP’s price has dipped to $2.31 amid selling pressure, with analysts divided on its short-term trajectory—some predicting a drop to $2, while others foresee a potential 5x rally based on bullish technical indicators. The Ripple-SEC lawsuit continues to cast a shadow, though Ripple maintains confidence in its legal victories.
about XRP Futures ETF Could Boost Institutional Demand