🚀 𝐗𝐑𝐏 𝐄𝐓𝐅 𝐨𝐧 𝐭𝐡𝐞 𝐇𝐨𝐫𝐢𝐳𝐨𝐧 𝐀𝐟𝐭𝐞𝐫 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐚𝐧𝐝 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦! 🚀

In a recent interview, Ripple's President, Monica Long, expressed optimism about the approval of an $XRP exchange-traded fund (ETF) in 2025. She stated that XRP is "likely to be the next in line after Bitcoin and ETH" for ETF approval. Notably, firms like Canary Capital have already filed XRP ETF applications with the U.S. Securities and Exchange Commission (SEC). The potential for accelerated approval under the new administration adds to the anticipation.

This development follows a 2023 court ruling where U.S. District Judge Analisa Torres determined that XRP was not a security when sold on public exchanges, though it could be considered a security if offered directly to institutional investors. The SEC has indicated plans to appeal this ruling, with a deadline set for January 15. The outcome could significantly impact the legal standing of XRP and the prospects for its ETF approval.

Market sentiment reflects this optimism, with prediction platform Polymarket estimating a 70% chance of XRP ETF approval in 2025. On the price front, XRP has been consolidating within a triangle pattern, suggesting that a breakout could lead to significant price movements.

What are your thoughts on the potential approval of an XRP ETF? Do you believe it will boost XRP's market position?

𝐅𝐨𝐫 𝐝𝐚𝐢𝐥𝐲 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜 𝐧𝐞𝐰𝐬 𝐮𝐩𝐝𝐚𝐭𝐞𝐬, 𝐟𝐨𝐥𝐥𝐨𝐰, 𝐥𝐢𝐤𝐞, 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞! 𝐓𝐡𝐚𝐧𝐤𝐬 𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐬𝐭𝐚𝐲 𝐭𝐮𝐧𝐞𝐝 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬.

Source: AMBCrypto