Reports have disclosed that the SEC has sped up ETF reviews, and several crypto funds already list XRP, including Grayscale’s Multi-Asset Fund.
Ripple’s push into banking corridors is being pointed to as another engine for demand. Based on reports, the firm has deals with banks like BNY, SBI in Japan, and Santander.
According to Pumpius, the legal picture for XRP has improved after Ripple and the SEC dropped appeals and a court sided with XRP’s non-security status. He calls this legal clarity a major positive and claims XRP now stands on firmer ground than many peers in the US.
That view is shared by several in the community, though some analysts remain cautious and ask for further regulatory signals before calling it settled.
Market structure is cited as a trigger. Reports say order book liquidity has tightened and price action shows compression. Pumpius likens it to a spring that could uncoil with volatility once big orders hit.