Anticipated Breakthrough: XRP’s Path to ETF Approval and Market Impact
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A Milestone on the Horizon for XRP: ETF Approval
Cryptocurrency enthusiasts and XRP holders are preparing for a potential pivotal moment. With the submission of applications for XRP Exchange Traded Funds (ETFs), a significant breakthrough appears imminent. A prominent crypto analyst suggests that ETF approval for XRP is not just probable but inevitable. Once this approval is secured, it may catalyze a significant surge in XRP’s price, sparking an eagerly awaited bull market.
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XRP ETF: A Turning Point for the Market
Renowned crypto market analyst Mason Versluis has highlighted that the long-anticipated approval of Spot ETFs linked to XRP is no longer a matter of ‘if’ but ‘when.’ In a detailed discussion shared on social media platform X, Versluis pointed out that the procedural filings are already underway, making approval seem unavoidable, whether it happens in 2025, 2026, or beyond. He noted that the approval of Bitcoin and Ethereum Spot ETFs in 2024 has set a precedent for the introduction of an XRP ETF.
The broader cryptocurrency landscape has already experienced significant changes with the introduction of Bitcoin and Ethereum ETFs, which facilitated institutional investment and garnered mainstream attention. Even lesser-known cryptocurrencies such as Hedera Hashgraph (HBAR) have spot ETF applications in the works.
For XRP, Versluis predicts that the U.S. Securities and Exchange Commission’s (SEC) approval would enhance liquidity and legitimacy, potentially igniting a price rally driven by increased institutional demand. A critical factor discussed in the analyst’s report is the transparency that spot ETFs bring. Unlike futures products, ETFs mandate that issuers hold the underlying asset directly, allowing their wallet addresses to be observable on-chain. This transparency presents a novel avenue for market analysis, enabling investors to monitor institutional activity in real-time, observing when large stakeholders buy or sell XRP.
Moreover, the ramifications of ETF approval are anticipated to extend beyond mere price speculation. Versluis indicated that institutional participation could introduce both bullish and bearish pressures, contributing to greater market maturity while also presenting risks such as increased volatility and potential manipulation.
XRP Price Analysis: Bullish Trends Resurface
The technical outlook for XRP’s price has also turned optimistic. According to crypto analyst CW, who posted an update on platform X, XRP has broken free from its previous consolidation phase, where its price was confined within a narrow range.
In this context, CW’s analysis suggests that this breakout signals the resumption of XRP’s bull rally, with traders shaping a new trend pattern that indicates renewed momentum. Based on this bullish configuration, CW’s chart analysis suggests that XRP could soon experience a significant surge past $4.4, establishing a new all-time high.
As of the current analysis, XRP is trading at $3.06, reflecting nearly a 9% increase over the past week, according to data from CoinMarketCap. This recovery from a previous downturn has also propelled XRP back into the global top 100 assets by market capitalization, securing the 98th position with a valuation exceeding $182 billion.
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