XRP Tipped for ETF Approval – $100 XRP Incoming?
The price of XRP has experienced a remarkable surge this year following a positive court decision and the tailwind provided by Donald Trump’s victory in the November U.S. presidential election.
Thus far in 2024, XRP has seen its price increase by 311% while it jumped to 3rd place in the list of most valuable cryptocurrencies according to data from CoinMarketCap.
Although this performance has already been quite satisfactory to investors, the best may be ahead for this digital asset as rumors about the upcoming approval of a spot XRP-linked exchange-traded fund (ETF) have started to circulate.
Eric Balchunas, a well-known ETF analyst from Bloomberg News, said that he was expecting a “wave of cryptocurrency ETFs next year” possibly as changes within the U.S. Securities and Exchange Commission (SEC) are poised to take place shortly after Donald Trump takes office.
