Experts remain optimistic about a potential XRP ETF launch in the near future due to rising expectations for pro-crypto regulations in the US. Donald Trump’s election victory has strengthened the expectation of a favorable environment for crypto in the country. Also, Ripple $2.3The recent approval of ‘s stablecoin RLUSD has also boosted market sentiment.
XRP ETF Launch
Investors appear hopeful due to the expectation of a favorable regulatory environment in the US following Donald Trump’s election victory. Trump, who actively supported the crypto industry during the election campaigns, promised to make the United States a crypto leader. Depending on whether the new SEC administration ends the appeal process in the Ripple case early, the potential for ETF approval will also become clear. If, despite Trump’s promise of a crypto-friendly strategy, the SEC does not end its ongoing battle with cryptocurrency companies, there will be a contrast here.
The new SEC Chairman is crypto-friendly, and what he needs to do to convince the markets that old mistakes will be reversed is to end legal battles other than fraud cases. The most important thing that investors will watch here will be the pricing of the expectation in the first stage. If the lawsuits are dropped and the SEC implements its “best case scenario,” XRP Coin and other altcoins related to pending approval ETFs should experience a meteoric rise. In the second stage, altcoins that have already received Trust approval will be expected to receive ETF approval.
BTC and ETH ETFs came with the support of Trust approvals. Hopes are getting higher here as Grayscale has also launched a Trust for XRP Coin.
Ben Armstrong stated that Grayscale XRP Trust has returned over 300 percent since May. Investor demand has naturally increased due to the reasons explained above.
Grayscale’s filing for the Solana ETF triggered expectations that the firm would take a similar step for XRP. Ripple’s native cryptocurrency has experienced a strong rally amid positive sentiment in the broader crypto market.
Ripple RLUSD Confirmation and Market Impact
The approval of Ripple’s stablecoin RLUSD by NYDFS increased market optimism. After US SEC Chairman Gary Gensler’s resignation statement, it means much more for Ripple’s XRP than other altcoins. These positive developments have increased the XRP price by 250 percent in the last 30 days. On a weekly basis, XRP remained relatively calm.
BitBoy’s latest hint towards an XRP ETF launch is expected to reverse the trend and strengthen market optimism.
WisdomTree, Bitwise, 21Shares and Canary Capital raised investors’ expectations by filing for the XRP ETF. Ben Armstrong predicted that the XRP price will rise to $4.5 this year or by January 2025.
Positive expectations for the XRP ETF launch are strengthened by regulatory developments in the US and Ripple’s stablecoin approval. Predictions of experts and market analysts increase investor confidence in the future of XRP.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
