- Pro-Ripple lawyer hints XRP ETFs may launch very soon.
- XRP rallies past $2.90 amid ETF speculation.
- Congress prepares key votes shaping crypto market regulation.
Pro-Ripple lawyer John Deaton has triggered a wave of speculation across the cryptocurrency market after indicating that an XRP exchange-traded fund may launch very soon.
His statement came as speculation mounts over the potential launch of the first XRP ETF in the United States, possibly by ProShares.
According to Deaton, the progress seen today can be traced back to a federal ruling two years ago, which stated that XRP itself is not a security. In the post, he highlighted that this legal milestone was achieved through the efforts of 75,000 XRP holders who challenged regulatory overreach.
Also Read: Bitcoin Hits $123,000 as Analysts Project Extended Dominance Into Late 2025
Now, two years later, XRP ETFs are reportedly set to go live, a development that many see as validation of the token’s legal status.
The buzz was reflected in the price of XRP almost immediately, as the coin logged one of the most impressive rallies among the top tokens last week. The coin has risen above the $2.90 mark, demonstrating the optimism and the increasing investor interest.
The technical readings have resulted in overbought conditions, although market players still seem to be paying more attention to the ETF report than to the immediate market changes.
The rally arrives on one of the most strained weeks in the United States as far as the regulation of digital assets is concerned. Three crypto bills are currently pending a vote in the House of Representatives, which, in case any of them is to pass, would have far-reaching implications on the future of the sector.
These are the GENIUS Act, which aims to regulate stablecoins, the CLARITY Act, which deals with crypto market structure, and the Anti-CBDC Surveillance State Act, which is going after government-backed digital currencies.
ETF Expectations Rise as XRP Gains Legal Ground and Investor Support
John Deaton’s remarks reflect increased confidence in XRP’s legal standing following recent courtroom developments. These outcomes have clarified parts of the token’s classification, making it more appealing for institutional products.
The potential launch of an XRP ETF signals a new chapter for the asset, particularly as financial firms seek regulated investment vehicles. Institutional interest appears to be growing in parallel with XRP’s regulatory momentum.
With XRP’s legal clarity improving and institutional curiosity rising, the speculation around an ETF launch is gaining strength. Deaton’s latest comments have added momentum, putting XRP in the spotlight during a decisive moment for U.S. crypto policy.
Also Read: XRP Secures #2 Spot on Coinbase, Flips Ethereum – Fact Check
