Here’s an interesting point to track. The SEC has just passed a tight deadline on decisions for the XRP ETF, and the market clearly noticed. Several spot ETFs have already been launched—Canary Capital, Bitwise, and 21Shares began trading between September and December of last year, and they pulled nearly $1.44 billion into XRP.

And then things get even more interesting. Grayscale is trying to convert its $2.1 billion XRP trust into a spot ETF, Franklin Templeton is waiting for a decision on its fund, and WisdomTree has filed a whole package of applications. If all of these products get approved, analysts say there could be inflows of up to $8 billion. That’s serious money.

As for the derivatives market—here, you can see clear bullish energy. Open interest in XRP rose by 14.8% over 24 hours, the highest level in a week. The funding rate for perpetual contracts jumped 158.19% to 0.0028, a signal that long positions dominate. Traders are clearly expecting a move.

Right now, XRP is trading at $1.44. The price is slightly flat amid macroeconomic events and the expiration of $13.5 billion in options, but the main sentiment trend remains positive. Historically, when open interest was at such low levels as in April 2025, that was followed by growth of hundreds of percent—now we’re seeing a similar picture.

Also, ten days ago, the SEC and CFTC jointly classified XRP as a digital commodity, placing it on the same level as Bitcoin and эфиром. This is a significant achievement for the coin’s security and legal status.

There’s also movement on Ripple’s side. They’ve integrated AI into the network and recently found 10 errors in the XRP Ledger. They’re working to improve the ledger’s security, enhance consistency and predictability. This should help with the growth of gas fees, which had been driven by overload.

Plus, at the end of April, a Senate Banking Committee meeting on the CLARITY bill is expected—one that should закрепить XRP’s status as a commodity in federal legislation. If it goes through, it will further strengthen its position.

Overall, everything indicates that the market is preparing for something serious. Funding is rising, interest in derivatives is through the roof, and regulatory clarity is improving. It’s worth keeping a close eye on how events unfold.