Multiple Spot XRP ETFs Could Be Around the Corner. But Don't Expect Dramatic Price Gains

Core Insights - The cryptocurrency market is still relatively new, making it challenging to predict the impact of multiple spot ETF approvals on specific cryptocurrencies [1] - XRP's price has declined despite the launch of the REX-Osprey ETF, indicating that the market may have already priced in the expected ETF approvals [2][3] - XRP has experienced a significant price increase of over 400% in the past year, largely due to expectations surrounding regulatory changes and ETF approvals [3][5] Market Dynamics - The launch of spot crypto ETFs facilitates easier access for retail and institutional investors, potentially influencing prices positively, but there are no guarantees of price increases [4] - The first U.S. spot XRP ETF launched on September 18, 2025, with expectations of more ETFs in the pipeline, indicating growing institutional interest [5] - Bitcoin's price rallied significantly after spot ETF approvals, with over $150 billion now in spot Bitcoin ETFs, suggesting a correlation between ETF approvals and price increases [6] Comparative Analysis - Ethereum's experience with spot ETFs contrasts with Bitcoin's, as Ethereum's price dipped after ETF approvals, only recovering over a year later [7] - The crypto market has faced recent downturns due to broader economic concerns, which may affect enthusiasm for new altcoin ETFs [8] Competitive Landscape - Ripple's XRP is positioned as a bridge currency for cross-border payments, with potential to capture up to 14% of transaction volumes from the Swift network [10] - The global international remittance market is projected to exceed $1.3 trillion by 2032, presenting opportunities for Ripple [11] - XRP's market cap exceeds $175 billion, comparable to major financial institutions like Charles Schwab or BlackRock, indicating its significant presence in the market [12] Adoption and Future Outlook - ETF approval alone is insufficient for driving price action; XRP requires broader adoption and a solid use case to maintain its competitive edge in the global money transfer sector [13]