Now that Ripple's regulatory situation has been resolved, this could pave the way for an XRP ETF; Bitnning founder Kashif Raza also expressed optimistic expectations about the possibility of a new XRP ETF application.
In a post on X (formerly Twitter), Raza stated that selling #XRP to institutional investors violates the Securities and Exchange Act, but selling to retail investors does not violate any laws. The Bitnning founder sees this difference as a positive for the XRP community.
Crypto-enthusiast Amelie, sharing similar expectations for XRP ETFs, noted that Ripple's newfound regulatory clarity could set the stage for the emergence of XRP ETFs between 2024 and 2025. Moreover, crypto analyst Tony Edward said that the likelihood of an XRP #ETF has increased significantly.
Despite Ripple's legal victory, Edward noted that the XRP market is not currently in a bullish phase. However, the analyst recognizes that XRP currently has a clear path to bullish growth as the market develops. The court ruling could have a significant impact on the value of XRP, fueling speculation about the possible introduction of an XRP ETF.
Given that #bitcoin hit an all-time high after the ETF launch, XRP could reach $20 if the ETF is launched. Sharing similar bullish sentiment, Edward set a more conservative bullish target for XRP if the ETF is launched. The analyst predicts that XRP could rise in the range of US$ 4 to US$ 8.
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