XRP ETF Decision Could Spark New highs for Token
XRP recently crossed the $3 barrier, driven by anticipation for an XRP spot ETF approval. Industry experts believe this move could pave the way for an all-time high.
Shawn Young, MEXC’s Chief Analyst, notes increasing interest in altcoins. “XRP stands out due too its potential ETF approval Soon,” he explained. Solana and Dogecoin are also benefiting from similar ETF speculation.
Lionel Iruk, a senior advisor at Nav Markets, underscores the importance of ETFs. They bring regulation and trust, needed by large investors. “ETFs add compliance and transparency, crucial for traditional investors,” noted Iruk.
Arthur Azizov of B2 Ventures highlighted recent whale activity. Whales amassed $600 million in XRP recently, indicating confidence in an ETF approval. “A move to $4 seems quite likely,” Azizov stated.
The B2BinPay analytics team believes ETF approval could drive XRP to $4-$5 by year-end. options data also reflects bullish sentiment among traders.
- XRP recently surpassed $3.
- Anticipation for ETF approval fuels price increase.
- ETFs add regulation and trust for institutional investors.
- bullish sentiment shown in recent whale activity and options data.
