Cryptocurrency XRP targets all-time high following investor optimism after SEC-Ripple lawsuit settlement
In the rapidly evolving world of cryptocurrencies, the future of XRP continues to be a topic of interest. Following the conclusion of the lengthy legal battle between the SEC and Ripple in early August 2025, the regulatory landscape for XRP has become clearer.
Despite this, BlackRock, a dominant player in the Bitcoin and Ethereum ETF market, has announced that it currently has no plans to submit applications for an XRP spot ETF or a Solana spot ETF. Contrary to earlier speculation, BlackRock has not announced any plans to file for an XRP ETF following the end of the legal dispute.
While several other asset managers, including Grayscale, Bitwise, 21Shares, and Canary Capital, have filed applications to launch XRP ETFs since late 2024, BlackRock appears to be taking a cautious approach. Statements from BlackRock executives indicate that regulatory clarity is no longer the main barrier; instead, the firm appears to be waiting for stronger institutional demand and deeper market liquidity before considering an XRP ETF.
ETF experts like Nate Geraci suggest that BlackRock could enter the XRP ETF market later, potentially by an October 2025 deadline. However, as of August 2025, no official filings or announcements have been made by BlackRock.
Analysts believe that the approval of XRP ETFs could be a major bullish catalyst for XRP. Breaking above $3.70, a significant barrier where XRP price peaked in mid-July, could lead to a move toward the all-time high for XRP. The resistance for XRP remains at $3.70, and the odds of XRP ETF approval are considered very high, with some analysts placing the odds around 95%.
In the meantime, the price of XRP soared by 12% in recent weeks, indicating ongoing market interest in the cryptocurrency. As we move forward, the question remains: will BlackRock join the growing list of asset managers seeking to launch XRP ETFs, or will it continue to focus on its established Bitcoin and Ethereum ETFs? Only time will tell.
[1] CoinDesk. (2025). BlackRock may file for XRP ETF soon, according to industry experts. [online] Available at: https://www.coindesk.com/business/2025/08/01/blackrock-may-file-for-xrp-etf-soon-according-to-industry-experts/
[2] Yahoo Finance. (2025). BlackRock Rules Out Immediate XRP ETF Filings Despite Cleared Regulatory Path. [online] Available at: https://finance.yahoo.com/news/blackrock-rules-out-immediate-xrp-etf-filings-despite-cleared-regulatory-path-193741672.html
[3] The Block. (2025). BlackRock Confirms No Plans for XRP Spot ETF. [online] Available at: https://www.theblockcrypto.com/post/116638/blackrock-confirms-no-plans-for-xrp-spot-etf
[4] Cointelegraph. (2025). BlackRock denies plans for XRP ETF amidst ongoing market interest. [online] Available at: https://cointelegraph.com/news/blackrock-denies-plans-for-xrp-etf-amidst-ongoing-market-interest
[5] Coindesk. (2024). Grayscale, Bitwise, 21Shares, and Canary Capital file applications to launch XRP ETFs. [online] Available at: https://www.coindesk.com/business/2024/12/01/grayscale-bitwise-21shares-and-canary-capital-file-applications-to-launch-xrp-etfs/
- Despite the regulatory landscape for XRP becoming clearer, BlackRock has yet to announce plans for an XRP ETF, contrary to earlier speculation.
- In the rapidly evolving world of cryptocurrencies, the approval of XRP ETFs could be a major bullish catalyst for XRP, potentially leading to a move toward the all-time high for XRP.
- While several other asset managers, including Grayscale, Bitwise, 21Shares, and Canary Capital, have filed applications to launch XRP ETFs since late 2024, BlackRock seems to be taking a cautious approach, waiting for stronger institutional demand and deeper market liquidity.
- Analysts consider the odds of XRP ETF approval to be very high, with some placing the odds around 95%, suggesting that BlackRock's potential entry into the XRP ETF market later could be significant.
- The price of XRP soared by 12% in recent weeks, indicating ongoing market interest in the cryptocurrency, amidst the debate whether BlackRock will continue to focus on its established Bitcoin and Ethereum ETFs or enter the XRP ETF market.
