XRP ETF after years of legal uncertainty, July could bring a major inflection point for XRP. With the SEC officially taking public comments and key legal filings wrapped up, the potential for XRP to become the first U.S. spot altcoin ETF is now in full focus.
Regulatory Milestone: Clearing the Path
Ripple and the SEC have halted cross-appeals and settled for $50 million, resolving major hurdles in the lawsuit that once cast a long shadow over XRP—laying groundwork for ETF approvals.
SEC Public Comment Period & Deadline
On June 17, the SEC formally opened a public comment and rebuttal phase for spot XRP (and Solana) ETF proposals, mainly filed by Franklin Templeton, Bitwise, 21Shares, and others.
This procedural move pushed the decision deadline into late July 2025, possibly around July 22.
High Approval Odds: 90%+
Bloomberg analysts James Seyffart and Eric Balchunas raised their approval forecast to 90–95%, citing strong SEC engagement and an evolving stance on altcoin ETFs.
Polymarket traders also indicate ~90% odds of XRP ETF approval this year.
What’s Potentially Coming in July & August
Event |
Date |
| End of SEC public comment phase | Late July 2025 (≈ July 22) |
| Possible SEC ETF decision | Late July to early Aug |
| XRP–SEC legal status update in court | August 15, 2025 |
Market Reaction & Technical Outlook
- XRP price has risen by ~5% to trade near the vicinity of $2.16 in a wedge of 2.15-2.25.
- A break above $2.25- 2.30 would prompt a possible leap, but dealers may want to pay attention to volatility caused by ETF speculation.
Why This Matters
- Approval would mark XRP as the first U.S. altcoin ETF, signaling institutional recognition beyond BTC/ETH.
- Analysts estimate $4–$8 billion of first-year inflows into a U.S. XRP ETF.
- It may pave the way to a wider influx of altcoin ETFs, altering the way crypto will be available to a majority of investors
Risks to Watch
- SEC could delay or request amendments, given its conservative stance on investor protection.
- Even approval may bring modest early inflows compared to BTC/ETH ETFs—JPMorgan estimates $4–8B may be a reasonable target.
- The August 15 court update could influence timing or terms of any ETF launch.
Actionable Takeaways
- Mark your calendar: public comment ends in late July, SEC decision could follow shortly after.
- Track XRP price levels—especially $2.25–$2.30—for possible momentum signals.
- Stay agile: brokers may pre-list or trade “ETF anticipation” products ahead of approval.
Conclusion
The convergence of legal settlement, regulatory procedure, and market sentiment positions July 2025 as a watershed moment for XRP. With expectations at 90%+ and public comment closing soon, an XRP ETF launch is becoming a matter of when, not if.