XRP ETF Speculation Ramps Up After SEC Lawsuit Is Settled

Speculation surrounding the potential approval of an XRP ETF (exchange-traded fund) has intensified following a recent court ruling in a protracted legal battle between Ripple Labs and the Securities and Exchange Commission (SEC).

In the case, a New York federal judge mandated that Ripple Labs pay a $125 million penalty. However, Ripple executives and various experts consider the recent outcome a victory for Ripple, given that the SEC initially sought a $2 billion settlement.

Nate Geraci, President of ETF Store, posted a snippet of the judge's statement on Twitter with the caption "Wen XRP ETF?" This sentiment was echoed by X user JackTheRippler, who stated, "Ripple IPO and XRP ETF are guaranteed now."

Following the settlement, the price of XRP experienced a surge of over 18% within the past 24 hours, reaching $0.6135 as of 9:00 a.m. EST.

Analysts previously pondered the possibility of an XRP ETF following the launch of similar investment products based on Ethereum in July. However, with increased legal clarity, XRP may gain an advantage over other altcoins.

Ripple CEO Brad Garlinghouse previously expressed optimism about the potential for an XRP ETF, stating that it "makes sense for the XRP community overall." Before the SEC approved ETH ETFs, Bitwise's chief compliance officer, Katherine Dowling, indicated that the commission is receptive to discussions on ETFs beyond Bitcoin and Ethereum.

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