According to Eleanor Terrett, the SEC has officially invited public comment on CBOE’s proposal to list the FTI_US $XRP spot ETF, following a prior delay to June 17. The deadline for comments and rebuttals extends to late July. This development introduces a new timeline for XRP ETF approval, which traders should closely monitor as approval or denial could significantly impact XRP price action and broader crypto ETF sentiment. Source: Eleanor Terrett on Twitter.

According to Omkar Godbole (@godbole17) on Twitter, a major bearish rumor has circulated that Ripple may need to liquidate a significant portion of its XRP holdings to fund Circle's acquisition. While such news typically triggers negative sentiment, Godbole notes that markets often react in the opposite direction, creating opportunities for short squeezes and unexpected rallies. Traders should monitor on-chain activity and order books for any large XRP movements as these could signal increased volatility and potential price reversals. This scenario could influence broader crypto market sentiment and liquidity, especially in altcoin trading pairs. Source: Twitter @godbole17 (June 3, 2025).

According to Milk Road Daily, the recent downgrade of the US credit score is a significant macro event that traders should monitor, as it may drive volatility in both traditional and crypto markets (source: @MilkRoadDaily). Additionally, the advancement towards a spot XRP ETF introduces a potential catalyst for XRP price action, making XRP trading pairs especially relevant to watch this week. The Milk Road Show featuring @Zeneca further highlights expert insights on these market shifts, providing actionable trading strategies for crypto investors.