Wall Street is increasingly eyeing up XRP (XRP), as the US Securities and Exchange Commission (SEC) acknowledged yet more spot ETF applications on Wednesday.
Per reports on X, the SEC acknowledged filings from both WisdomTree and CoinShares on Wednesday.
Bitwise, Grayscale and 21Shares have also filed applications to set up XRP ETFs with the SEC.
These filings come as Brazil just approved the first spot XRP ETF anywhere in the world.
Per Polymarket, traders are currently pricing a 79% chance that XRP ETFs gain approval this year.
Intensifying expectations that XRP ETFs will launch this year and unlock a surge of new Wall Street demand, as was the case for Bitcoin in early 2024, has helped the XRP price post an impressive recovery from its early February lows.
After a flash crash on February 3 saw XRP tank all the way as low as $1.76, the price has since recovered over 50% to near $2.70.
Bears should take note – shorting XRP at a time when ETF expectations are growing is a risky game to play.
That said, despite its solid recovery, XRP is yet to break convincingly back to the north of its 21 and 50DMAs.
And it arguably remains in a downtrend from its January highs, suggesting the risk of downside corrections in the near-future remain elevated.
Could ETFs be the Catalyst for a Massive Rally?
Still, XRP likely remains a great crypto to accumulate during market dips, just as was the case earlier this month.
Bitcoin (BTC) remains stuck in its recent ranges and meme coin dramas (like Trump’s token launch and, more recently, the LIBRA scandal) seem to be sapping broader sentiment.
But with institutional adoption accelerating and the US likely to launch a strategic digital asset stockpile later in the year, which may include XRP, things are looking up.
Let’s put it this way – with XRP ETFs on the horizon and so many other positives in the market right now, a brutal XRP bear market seems unlikely this year.
Much more likely is that hype surrounding the XRP ETF launch turns into a catalyst for a massive XRP rally.
The XRP price has come a long way since Trump’s election victory last November, jumping by over 400%.
While a repeat of recent month’s performance probably isn’t likely this year, risks remain tilted towards XRP rallying back above $3.0 and hitting fresh record highs above $4.0 this year.
Utility Meme Coin to Consider – MIND of Pepe (MIND)
While XRP could post solid gains in 2025, maybe of even as much as 100%, traders looking to secure bigger gains of 10x or more will need to look towards smaller up-and-coming projects.
Meme coin markets are in turmoil right now as concerns about scams ramp up following the LIBRA saga, and after the Trump and Melanie token launches last month.
But this isn’t likely to kill the meme coin market, rather, it just emphasizes the importance of looking for quality, credibility and fair tokenomics.
If new meme coins can combine these three factors with a strong use case, than that only further increases the likelihood of them seeing success.
One project that has caught the attention of the team at cryptonews.com is MIND of Pepe (MIND).
MIND of Pepe is an AI-driven meme coin that has been making waves in web3 circles, with its presale raising over $6.5 million by mid-February 2025.
Built on Ethereum, this project melds the playful allure of Pepe the Frog with a self-evolving AI agent designed to analyze markets and engage communities autonomously.
Unlike typical meme coins fueled by hype, $MIND offers tangible utility—delivering real-time insights and exclusive token opportunities to holders.
Its presale, launched in January, has drawn strong interest, with over a billion tokens staked at a 348% APY, signaling robust investor confidence.
With a blend of innovative tech and meme culture, MIND could stand out as a top contender among 2025’s meme coin launches, provided it sustains momentum post-presale.
Learn More About MIND Here
The post Wall Street Eyes XRP as SEC Reviews ETF – Could This Be the Catalyst for a Massive Rally? appeared first on Cryptonews.
