BlackRock XRP ETF buzz grows as Ripple Sec's lawsuit ends

Ripple's long-standing battle with the US SEC is finally coming to an end, and the crypto world is bustling with what this means next. With Ripple officially dropping appeals against the SEC, many industry analysts believe the roads are wide open for the US spot XRP ETF, perhaps even from asset management giant BlackRock. With optimism flooding the market, XRP prices have already been responding, exceeding 3.5% in just a few hours.

The lawsuit ends and XRP ETF approval talk begins

Last Friday, Ripple made a critical move by dropping the cross appeal in the XRP lawsuit. This marked the true end of a legal battle that has grown since 2020. Nate Gelach, president of ETF Store, called this a major turning point and said it would clear the path of Spot XRP ETF. When ripples come from legal soups, BlackRock and other major players may feel confident enough to explore the launch of XRP-backed ETFs.

Is the BlackRock XRP ETF possible?

BlackRock hasn't confirmed anything yet, but speculation is hot. Previous rumors for April and May 2025 were not based on facts about BlackRock launching the Spot XRP ETF. In fact, BlackRock has consistently said that he is currently uninterested in altcoins like XRP, mainly due to the legal issues Ripple faces with the SEC.

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However, based on last month's hype, Bloomberg analysts increased the odds of XRP ETF approval to more than 95%, noting that the SEC is more actively involved in submitting AltCoin ETFs. According to Polymarket, there is a hint that now there is a 78% chance that the XRP ETF will be approved before the end of the year, and that BlackRock will be the most likely player to lead while the rejection game is still ongoing.

XRP prices pop, whales accumulate

XRP surged to $3.18, surpassing 3.5% as news of the decline of the appeal was broken. The jump was accompanied by a $5.5 million liquidation, especially from the short sale settlements that were bet on the rally. Legal experts such as Fred Rispoli and Bill Morgan praised Ripple's strategic decision, noting that even before the lawsuit ends, the signs of institutional accumulation, XRP, are packed with large wallets.

The US is still warming up to the XRP ETF, but Canada has already launched it. The 3IQ XRP ETF recently debuted and has rapidly acquired a managed $32 million asset, indicating strong early demand.

Now, all eyes are in the US and whether BlackRock is ready to make the next big move.