Brazil Approves First XRP ETF, Raising Hopes For U.S. Approval
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Brazil has officially given the green light to the first-ever XRP spot exchange-traded fund (ETF), marking a big moment for the cryptocurrency.
XRP is making headlines in Brazil, moving ahead of Bitcoin and Ethereum. On April 25, Hashdex rolled out XRPH11 on Brazil’s B3 stock exchange. This marks Latin America’s first XRP spot ETF.
Polymarket Puts U.S. XRP ETF Approval Chances At 78% By Dec 2025
Hopes for a U.S. XRP spot ETF are also building. Polymarket, a Crypto-betting platform now estimates a 78% chance of a U.S. XRP spot ETF being approved by December 2025 — rising from 68% on April 22. However, this is still lower than the 87% peak recorded in May.
There is still uncertainty in the market. This is because the U.S. Securities and Exchange Commission has not made its position clear on its appeal against a court decision about Ripple’s sales of XRP. Some experts believe that SEC could pull back the appeal soon, which may spark a rise in XRP demand and more speculation around a U.S. ETF approval. Hashdex already offers Bitcoin and Ethereum ETFs in the U.S.
On April 10, Ripple and the SEC made a joint request to the court to put the appeal on hold. This move hints at a possible settlement. It follows a final judgment by Judge Analisa Torres, who ordered Ripple to pay a $125 million fine and banned the company from selling XRP to institutional investors.
In the market, XRP ended Sunday with a 2.79% gain, building on a 0.42% rise from Saturday to close at $2.2527. This happened while the wider crypto market fell by 0.91%, reducing the total market value to $2.9 trillion. XRP stood out by moving higher while most cryptocurrencies dropped.
XRP’s Future Depends On A Ripple-SEC settlement, ETF Updates, And The Global Economy
According to reports, technical signals point to $2.10 as a key support level, and a jump past $2.50 could lead to $3.00. Traders are hoping for a chance to reach the all-time high of $3.5505 again.
Looking ahead, XRP’s future depends on three main factors: a settlement between Ripple and the SEC, more positive news about ETFs, and wider economic issues like decisions by the Federal Reserve and U.S.-China trade news.
With Brazil’s approval and signs of progress in the U.S., XRP is once again in the spotlight. The mix of legal developments, ETF hopes, and economic uncertainty makes it one of the most exciting and unpredictable tokens right now.
As the situation develops, the crypto community remains on high alert. Whether the SEC decides to settle or press on with its legal battle, XRP’s journey is far from over.
