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Ripple-Supporting Lawyer Speaks Out Ahead of July 18 ETF Speculation

Ripple's digital token, XRP, experienced a significant price surge on July 18, fueled by speculations about a potential XRP-focused Exchange Traded Fund (ETF). This development sparked aresponse from a prominent Ripple attorney, who acknowledged the excitement around the rumors.

Rumor of XRP ETF on Horizon: Pro-Ripple Legal Expert Speaks Before July 18 Speculations
Rumor of XRP ETF on Horizon: Pro-Ripple Legal Expert Speaks Before July 18 Speculations

Ripple-Supporting Lawyer Speaks Out Ahead of July 18 ETF Speculation

In a significant turn of events for the cryptocurrency market, XRP is making headlines as the launch of the highly anticipated ProShares XRP Exchange-Traded Fund (ETF) approaches. The official confirmation of the ETF's launch on July 18, 2025, has been announced by ProShares, subject to necessary regulatory filings and listing on the Depository Trust & Clearing Corporation (DTCC) platform.

Multiple reputable sources, including financial news outlets and filings with the U.S. Securities and Exchange Commission (SEC), have reported this date as definitive, not merely speculative. This launch, coinciding with a broader Crypto Week, is seen as a significant milestone for institutional access to XRP.

However, it's important to note that the focus of market participants is currently on the potential launch of the XRP ETF, despite overbought conditions in XRP, as indicated by the Relative Strength Index (RSI). This overbought condition is a technical analysis indicator that suggests the asset may be due for a correction.

The potential XRP ETF is viewed as a product that meets institutional standards, and its launch, if it occurs, could be a full-circle moment for a token that has spent years under legal siege. John Deaton, an attorney and XRP legal advocate, has announced the imminent launch of the first XRP ETF.

Meanwhile, the U.S. House of Representatives is set to vote on three major crypto bills this week: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. If passed, these bills could reshape the classification, trading, and governance of digital assets, bringing clearer regulation to the cryptocurrency market.

The potential launch of the XRP ETF is being seen as a sign of regulatory clarity for XRP, achieved through legal battles. If the XRP ETF launch does not occur on July 18, all eyes are on Thursday for potential updates. U.Today reminds readers that while we provide information on cryptocurrencies, we are not liable for any financial losses incurred while trading cryptocurrencies.

As the cryptocurrency market continues to evolve, the potential launch of the XRP ETF and the upcoming votes on crypto bills in the U.S. Congress are shaping up to be pivotal moments in the digital asset landscape. Stay tuned for more updates as these events unfold.

  1. Market participants are focusing on the potential launch of the XRP ETF, which is seen as a significant milestone for institutional access to XRP, despite overbought conditions in XRP as indicated by the Relative Strength Index (RSI).
  2. John Deaton, an attorney and XRP legal advocate, has announced the imminent launch of the first XRP ETF, a product that is viewed as meeting institutional standards.
  3. If passed, three major crypto bills currently being considered by the U.S. House of Representatives could reshape the classification, trading, and governance of digital assets, bringing clearer regulation to the cryptocurrency market.
  4. The potential launch of the XRP ETF is being seen as a sign of regulatory clarity for XRP, achieved through legal battles, and it could be a full-circle moment for a token that has spent years under legal siege.

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