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#BullorBear XRP News Today: ETF Speculation and SEC Case Influence XRP’s Bullish Trend
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The Monday Overview
XRP rallied 3.42% on Monday. After gaining 0.19% on Sunday, XRP closed the session at $0.6147.

Stablecoin Plans Drive Investor Interest in XRP
XRP extended its winning streak to three sessions on Monday. The XRP return to the $0.61 handle coincided with the recent news of Ripple planning to launch its own Stablecoin. Importantly, Ripple retook the $0.61 handle amidst increasing uncertainty about the SEC v Ripple caseAccording to Santiment, market sentiment toward XRP Ledger/XRP was positive late in the Monday session (UTC). XRP was a trending coin, with 51.72% positive versus 30.5% negative. Nevertheless, the influence of the SEC vs. Ripple case on XRP remains a dominant factor.

There were no SEC vs. Ripple case-related updates to impact buyer demand for XRP. However, Ripple CEO Brad Garlinghouse gave a bullish outlook of the crypto market despite the SEC cases against Ripple, Coinbase (COIN), Kraken, Binance, and others.Garlinghouse based his bullish outlook on the influence of the BTC-spot ETF market and the bitcoin halving as contributory factors.

The evolution of the BTC-spot ETF market to altcoins-spot crypto ETFs would boost the crypto market. However, the issue of whether cryptos are securities or commodities remains a hurdle.

On Monday, Bloomberg Intelligence Senior ETF Analyst Eric Balchunas left the odds of the SEC approving ETH-spot ETFs in May at 25%. XRP-spot ETFs are unlikely until the approval of ETH-spot ETFs and the conclusion of the SEC vs. Ripple case