XRP ETF Buzz Builds as Ripple Advocate Sparks Speculation

XRP is generating fresh excitement in the cryptocurrency space as speculation intensifies over a possible XRP ETF debut on July 18. This wave of enthusiasm was catalyzed by John Deaton, a prominent attorney known for advocating on behalf of Ripple and XRP, who recently shared a viral message celebrating what he suggested could be the first XRP-based Exchange-Traded Fund preparing to launch.

The buzz around an XRP ETF has emerged at a crucial time when the U.S. cryptocurrency landscape is undergoing significant political and regulatory developments. On platforms like X, John Deaton responded to circulating speculation that ProShares might be on the verge of launching the industry’s first XRP ETF as early as mid-July. Though formal confirmation from regulatory bodies hasn’t been issued, Deaton’s message has amplified expectations within the crypto community.

In his commentary, Deaton connected the dots between the historical legal journey of XRP and the present moment, hinting that the journey could finally be bearing fruit. He pointed out that it was just two years ago when a federal judge ruled that XRP wasn’t a security — a landmark decision Ripple and its supporters had long awaited. This ruling played a decisive role in opening the door for more traditional financial instruments like ETFs to include XRP in the roster.

John Deaton emphasized this milestone, referencing the tireless advocacy from over 75,000 XRP holders who rallied for this legal recognition. He celebrated the possibility that ETFs featuring XRP might soon be available to the broader investment market, lauding it as a win for open markets and regulatory evolution.

Among financial analysts and traders, this potential shift has sparked notable movement in XRP’s price action. Most recently, XRP saw a significant gain, surging past the $2.60 mark. Technical indicators such as the relative strength index (RSI) have revealed overbought conditions, yet market sentiment remains unshaken, with many traders shifting their focus from short-term fluctuations to the longer-term implications of a spot ETF approval.

Adding to the momentous week for U.S. crypto assets, significant legislative proceedings are unfolding in Congress. Lawmakers are poised to vote on three pivotal pieces of legislation: the GENIUS Act, which lays out a regulatory framework for stablecoins; the CLARITY Act, designed to define the operational rules for digital asset markets; and the Anti-CBDC Surveillance State Act, which addresses concerns about central bank digital currencies. These proposed measures could redefine how cryptocurrencies, including XRP, are regulated and traded on American soil.

While it’s unclear whether the rumored July 18 launch date will mark the official debut of an XRP ETF, the momentum surrounding the asset is undeniable. The convergence of court victories, improving market structure legislation, and growing institutional interest places XRP on an increasingly firm footing. For a token that was once under intense regulatory fire, these unfolding events signal a transformative period in its history.

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Investors and market watchers will be monitoring developments closely as Thursday approaches. With the possibility of an ETF on the table and regulatory clarity continuing to evolve, XRP’s role in the broader crypto ecosystem seems more significant than ever.