Liquidity is building up around the XRP Ledger despite new ETF setbacks. Will Ripple dominate over ETH this altseason?
After months of steady corrections, Ripple’ XRP coin started forming a strong bullish divergence against Ethereum (ETH). The two largest altcoins both inked double-digit percentage gains in quarterly terms, but the kicked in crypto market correction hasn’t spared anybody this week.
ETFs Pushed Back Despite Regained Dominance
Ripple (XRP) is down by 18.2% in a 30-day time frame, plunging to $2.90 & dropping over $505 of its market cap from a month ago. Despite the breakthrough in the XRP/ETH pair, Ripple’s native coin has a fresh legal challenge in place.
The SEC has moved to postpone Ripple coin’s ETF decision, pushing the new date to October 19, 2025. That’s applicable for the 21Shares Core XRP Trust, Coinshares & Bitwise ETF items. Meanwhile, Ethereum’s ETFs have been on a losing streak for three consecutive days, erasing $422 from assets under management (AUM).
Ripple-Powered ETF Approval Odds Still Sky High
The commission’s move to delay the Ripple ETF decision doesn’t come as a shocker. This piles up with the rest of altcoin ETFs, including alternative currency peers like Litecoin (LTC), Solana (SOL) & Hedera Hashgraph (HBAR).
On top of that, the largest digital asset manager, BlackRock, recently revealed having no intention of launching crypto ETFs outside Bitcoin (BTC) & Ethereum (ETH) for now. In spite of the setbacks, XRP’s Ledger continues to roll on with $6-7 billion in daily transactions.
While Ripple’s bi-folded ETF pitch faced delays today, the general sentiment remains ultra bullish. According to Bloomberg’s top ETF analysts Eric Balchunas & James Seyffart, there’s a 95% likelihood that a Ripple-based Spot ETF will get approved by the end of the year.
Polymarket’s bettors are also very bullish, with 77% of poll participants saying ‘Yes’ for an XRP exchange-traded fund approval this year. So, the final word rests on the United States Securities and Exchange Commission (SEC), but even traditional market experts see it coming.
On The Flipside
* With BlackRock not joining Ripple’s ETF race, the item will have a hard time competing with Bitcoin & Ether ETFs.
Why This Matters
The current SEC crew is described as pro-crypto, but methodical in pacing digital asset-related approvals. Therefore, the XRP coin has a good chance at an eventual ETF approval, similarly to LTC, HBAR & SOL.
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