- XRP holds 10 active ETF filings, outpacing Solana (5), Litecoin, and Dogecoin (3 each) in SEC review queues.
- SEC-approved leveraged XRP ETF sets precedent; analysts question delays for simpler spot products amid rising liquidity.
The SEC has approved spot exchange-traded funds (ETFs) for Bitcoin and Ethereum, shifting attention to which cryptocurrency might follow. Data from research firm Kaiko indicates XRP is currently positioned as the frontrunner among altcoins for potential ETF approval, outpacing competitors like Solana, Dogecoin, and Litecoin.
ETF Filings Highlight XRP’s Lead
XRP currently has 10 active ETF applications under SEC review, according to public records. Solana trails with five filings, while Litecoin and Dogecoin each have three. ETHNews analysts suggest this numerical advantage reflects institutional confidence in XRP’s regulatory clarity compared to other altcoins.
Market liquidity, a metric prioritized by the SEC in ETF evaluations, further strengthens XRP’s case. Data from Kaiko shows XRP maintains the deepest “1% market depth” — a measure of buy and sell orders near current prices — across major exchanges.
This liquidity reduces price volatility risks, a frequent concern for regulators. By late 2024, XRP’s market performance had also overtaken Solana, with its trading volume doubling that of Cardano.
A recent SEC decision to approve Teucrium’s leveraged XRP ETF (XXRP) — designed to amplify daily returns — has sparked debate. Legal experts argue that if a complex leveraged product passes regulatory scrutiny, a simpler spot ETF faces fewer logical barriers. “The SEC’s stance appears inconsistent,” noted one analyst. “A leveraged ETF carries more risk, yet it was greenlit first.”
Changes in SEC leadership could accelerate progress. Former Chair Gary Gensler, known for cautious crypto policies, has been replaced by Paul Atkins, who advocates for clearer digital asset regulations. Observers speculate this shift may streamline pending ETF decisions.
Grayscale, VanEck, and Bitwise are among firms seeking XRP ETF approval. The SEC’s response to Grayscale’s application, expected by May 22, could signal broader intentions. Meanwhile, prediction platform Polymarket estimates an 80% likelihood of a spot XRP ETF launching before 2026.
Ripple’s recent legal resolution with the SEC has also eased uncertainties. CEO Brad Garlinghouse confirmed the company’s courtroom disputes concluded in 2023, removing a major obstacle cited by ETF skeptics.
While no altcoin ETF approvals are guaranteed, XRP’s combination of liquidity, regulatory progress, and institutional interest positions it as a likely candidate. Traders will watch the SEC’s May 22 decision closely, as it could set the tone for crypto investment products in 2025.
Ripple (XRP) is currently trading at $2.108, reflecting a slight 0.84% daily decline, but still holding strong after an 11.07% weekly gain and an impressive 318.56% year-over-year return. Despite a 11.88% drop over the past month, XRP remains in a broader bullish structure as it consolidates just below major resistance. The current price action is hovering near the $2.23–$2.42 resistance zone, with support holding around $1.95–$1.92.
From a technical perspective, XRP is forming a potential ascending triangle or parallel channel. Indicators suggest waning momentum, with the 50 EMA nearing the 100 EMA, signaling an upcoming volatility spike.
If bulls manage to push through the $2.23 resistance, the next upside targets would lie at $2.55 and $2.70. However, failure to hold $2.00 could lead to a deeper retracement toward $1.80–$1.70, where strong historical demand sits.
Fundamentally, XRP is gaining traction with 10 active ETF applications, which could dramatically boost institutional demand if the SEC provides regulatory approval. Its liquidity profile is stronger than many altcoins, making it a more ETF-friendly asset.
Analysts like Alex Becker are projecting aggressive upside potential, suggesting XRP could outperform ETH in relative terms over the next cycle if it narrows the market cap gap.
