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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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3.Post may include only the #TopContentChallenge# tag.
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
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1️⃣ Follow Gate_Square
2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
BlackRock’s XRP ETF Rumors Spark Speculation on Price Surge
XRP, long a focal point in cryptocurrency discussions due to regulatory battles and technological developments, now faces potentially transformative news as rumors swirl that BlackRock, the world’s largest asset manager overseeing $11.6 trillion, may soon file for a spot XRP exchange-traded fund (ETF). This move has stirred excitement and speculation about XRP’s future trajectory in the U.S. market.
Market sentiment has notably shifted, with traders on Polymarket, a blockchain-based prediction platform, raising the odds of SEC approval for an XRP ETF to 83%—a significant jump from 68% just a month ago. Such confidence echoes past patterns seen with Bitcoin and Ethereum ETFs, where filings triggered sharp price rallies.
The prospect of BlackRock’s involvement is seen by industry insiders as a potential catalyst for XRP’s mainstream acceptance. However, the looming regulatory hurdle remains the ongoing Ripple versus SEC lawsuit, which centers on whether XRP qualifies as a security. This unresolved legal status has kept XRP in a more uncertain position compared to Bitcoin and Ethereum, which enjoy clearer regulatory definitions.
Currently trading near $2.33, XRP has already seen modest gains. Analysts suggest that if BlackRock files for the XRP ETF and it gains eventual approval, the price could swiftly climb beyond $3 and even reach $4.60 or higher in the months ahead. As anticipation builds, investors and observers alike are closely watching to see if this filing will indeed unlock a new chapter for XRP’s market performance.