Ripple CEO thinks XRP rally is imminent
Investing.com - Ripple CEO Brad Garlinghouse has been extremely positive about the developments regarding Grayscale's XRP investment fund issuance.
The rapid spread of news yesterday that crypto asset manager Grayscale would launch an XRP-focused investment fund, followed by the company's announcement of plans to convert this investment vehicle into a spot ETF in the future, has resonated on the cryptocurrency front.
Ripple CEO commented on it as an unexpected development
XRP made a significant leap forward after the Grayscale news and stood out among major cryptocurrencies. Garlinghouse, on the other hand, could not hide his surprise for the US's first XRP-focused investment fund in his comment on X. Ripple CEO continued his comment by saying that this development is important evidence that XRP has gained regulatory clarity in the US and other jurisdictions. It is thought that XRP gaining regulatory clarity will contribute to the growth of the entire ecosystem. In this context, Garlinghouse said that XRP's growth is only a matter of time.
Ripple took a deep breath after the decision that individual sales of XRP were not considered securities in its legal battle with the SEC last year. Although the lawsuit process continues regarding institutional sales, XRP adoption continued to increase during this process.
However, this adoption has not yet been reflected in the price of XRP. Still, it is thought that XRP may find a certain ground after Grayscale's XRP investment fund trading begins. However, the general view is that XRP's future will be shaped by the outcome of the lawsuit with the SEC.
What do experts think about the XRP price?
While many analysts think that there are various catalysts for the price increase in XRP, they share the view that the cryptocurrency may start an uptrend in 2025.
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