XRP has achieved a pivotal milestone with its official inclusion in the Nasdaq Crypto US Settlement Price Index, signaling growing institutional confidence in Ripple's digital asset. While this move doesn't yet enable ETF holdings due to regulatory constraints, it strengthens XRP's position in the evolving cryptocurrency landscape.
Nasdaq Expands Crypto Index to Include XRP
Nasdaq's updated Crypto US Settlement Price Index now features XRP alongside Cardano (ADA), Solana (SOL), and Stellar Lumens (XLM), broadening its scope beyond Bitcoin (BTC) and Ethereum (ETH). Effective since June 2, 2025, this development marks a significant step for Ripple's institutional trajectory.
👉 How XRP's Nasdaq listing impacts its ETF potential
The index is tracked by the Hashdex Nasdaq Crypto Index US ETF (NCIQ), which currently limits exposure to BTC and ETH under SEC guidelines. Hashdex clarified in an SEC filing:
"Under current regulatory restrictions, the Trust cannot hold XRP or other newly added assets, posing potential tracking error risks."
Despite these limitations, analysts view the expansion as a forward-looking move poised to reshape XRP's institutional market post-regulatory clarity.
Regulatory Hurdles and ETF Prospects
The path to XRP ETF inclusion hinges on SEC approval. Nasdaq proposed a rule change in March 2025 to align Hashdex’s ETF with the broader Nasdaq Crypto Index (NCI), which includes XRP, Chainlink (LINK), and Litecoin (LTC). The SEC’s final decision is expected by November 2, 2025.
Key implications if approved:
- Institutional investors could directly own XRP for the first time.
- Enhanced visibility and accessibility for financial investors.
- A potential turning point in Ripple’s ongoing legal battles with the SEC.
XRP Price Analysis: Bullish Momentum Amid Milestone
XRP’s price surged past the $2.21 resistance level** following the Nasdaq news, trading near **$2.25 as of June 10. Technical indicators suggest:
- RSI (2-hour chart): Neutral at 51.52.
- Short-term RSI: Approaching oversold levels (30.32 on 30-minute charts).
Critical levels to watch:
- Resistance: $2.30 (breakout target).
- Support: $2.14 (fallback level).
Market sentiment remains cautious due to pending SEC rulings and broader crypto volatility.
Institutional Legitimacy and Long-Term XRP Value
Nasdaq’s endorsement underscores XRP’s maturation as a digital asset. Analysts highlight:
"This inclusion lays groundwork for regulated investment vehicles, boosting long-term adoption." — Harshini Chakka, Crypto Analyst
Ripple’s partnerships (e.g., Ripple Bank of America) and ledger developments further solidify its role in global finance.
FAQs: XRP’s Nasdaq Listing Explained
1. Does XRP’s Nasdaq listing mean it’s now part of an ETF?
No. Current regulations restrict ETFs from holding XRP, but the index inclusion sets the stage for future eligibility.
2. How does this impact XRP’s price?
Short-term gains are modest ($2.25), but long-term institutional demand could drive significant appreciation.
3. What’s next for XRP’s regulatory status?
The SEC’s November 2025 decision on Nasdaq’s rule change will be pivotal for ETF prospects.
👉 Explore Ripple’s institutional partnerships
Final Outlook: XRP’s Journey to Legitimacy
XRP’s Nasdaq milestone is a symbolic victory with profound implications:
- Short-term: Regulatory hurdles persist, limiting ETF participation.
- Long-term: Positions XRP for mainstream financial integration post-SEC clarity.
As the crypto market matures, XRP’s role in ETFs and global payments could redefine its trajectory from legal challenges to widespread legitimacy.