XRP’s Future Price Movement May Be Influenced by ETF Speculation and Regulatory Developments

The post XRP’s Future Price Movement May Be Influenced by ETF Speculation and Regulatory Developments appeared on BitcoinEthereumNews.com.

Recent developments regarding XRP’s regulatory landscape have sparked renewed interest and optimism among investors and analysts alike. The anticipation surrounding a potential XRP ETF approval is gaining traction, as recent regulatory changes signal a more favorable environment. “The current regulatory climate suggests a pivotal shift for XRP, potentially leading to significant market movement,” remarked a COINOTAG analyst. This comprehensive analysis covers pivotal regulatory developments affecting XRP, alongside market sentiment and ETF speculation, as it positions itself for Q2. Key developments shaping XRP news in Q2 The XRP market remains buoyed by growing optimism surrounding regulatory clarity and the potential for an XRP-focused ETF. On 9 April, the U.S. Senate confirmed President Trump’s nomination of Paul Atkins as SEC Chair. Atkins is widely perceived as crypto-friendly, increasing the likelihood of regulatory de-escalation. Adding fuel to the narrative, the SEC and Ripple jointly filed to suspend the ongoing appeal, pushing Ripple’s ‘reply’ deadline beyond 16 April. Consequently, market analysts believe the SEC may be delaying action until Atkins is formally sworn in, potentially paving the way for a 3–1 vote in favor of withdrawing the appeal. The market response was immediate. Following the XRP news, the altcoin surged a staggering 14.28% in a single day, pushing XRP above $2 after three consecutive days of downward pressure. Source: TradingView (XRP/USDT) Despite trading more than 30% below its post-election peak of $3.30, these recent developments could significantly reshape the altcoin’s valuation outlook for Q2. Market sentiment and ETF buzz In the wake of the XRP news-driven catalyst, Open Interest (OI) surged from $2.87 billion to $3.26 billion, signaling a sharp hike in leveraged participation. On Binance, long positions made up nearly 70% of the XRP/USDT perpetual market, highlighting a strong directional bias towards further upside. Moreover, short-term holders (STHs < 155 days) exited the…