The critical date for XRP is May 22: "The biggest candidate for approval"

The crypto research company Kaiko suggests that XRP is the most likely candidate for spot ETF approval after Bitcoin and Ethereum. According to the latest report published by the company, Kaiko analysts believe that XRP's "superior liquidity" and the recently launched leveraged XRP ETF in the US have paved the way for this.

The market depth of XRP has quickly increased.

The report emphasized that XRP's market depth has risen rapidly since the end of 2024, surpassing SOL and reaching twice that of ADA. In addition, it was stated that the spot trading volume on the US stock markets approached the level before the large-scale delisting decisions after the lawsuit filed in 2020. It was noted that SOL has experienced a steady decline in its market share in the US, which is currently at 16 percent compared to 25-30 percent in 2022. "This improvement in market dynamics and the double-leverage XRP ETF launched last week puts XRP a step ahead of other assets in terms of approval. On the other hand, some tokens, such as LTC, which have a very similar mechanism to BTC and are similar to commodities, may also have an advantage in getting approved in a banzer way."

May 22 is extremely important

The SEC officially added the XRP spot ETF applications to its agenda at the end of February, along with other cryptocurrencies. May 22 is highlighted as a critical date. The SEC, which gave the green light to Teucrium's leveraged XRP ETF, must respond to Grayscale's XRP spot ETF application by this date.

Published: April 16, 2025 00:05