Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As crypto markets brace for one of the most important weeks in U.S. crypto policy, XRP has suddenly found itself at the center of speculation and price action. Fueling the momentum is a post by John Deaton, an attorney and one of XRP’s most vocal legal advocates, celebrating the upcoming launch of the first-ever XRP ETF, which is reportedly imminent.
Although the listing has not yet been officially confirmed, Deaton responded to a viral tweet claiming that ProShares' XRP ETF is set to launch on July 18.
The launch date may not be met, but the signs are promising. The hard-fought regulatory clarity, achieved through legal battles, appears to be translating into products that meet institutional standards.
Price action shows XRP's large gain last week among top-cap tokens, with a breakout over $2.60. RSI is confirming overbought conditions, yet traders are more focused on the upcoming news of an ETF than on "too much heat."
All of this is happening against the backdrop of a busy legislative calendar in the U.S. Congress. This week alone, the House is set to vote on three major crypto bills: the GENIUS Act (stablecoin framework), the CLARITY Act (on crypto market structure) and the Anti-CBDC Surveillance State Act.
Together, these bills could reshape how digital assets are classified, traded and governed.
Whether or not XRP’s ETF debut becomes the surprise headline of “Crypto Week” in Washington, market participants clearly see its significance. Even if the July 18 date proves premature, the idea that an XRP ETF is within reach — post-SEC ruling and amid clearer regulation — marks a full-circle moment for a token that spent years under legal siege.
For now, all eyes are on Thursday.
U.Today Editorial Team
Vladislav Sopov