Crypto: Should You Bet on XRP Before a Surprise ETF Announcement?

XRP faces market ups and downs but remains interesting to investors. A clearer legal standing and talk of an ETF are providing support for Ripple. With more businesses using it, XRP might see a strong comeback.

Investors are watching for signs of an XRP ETF.

In brief, an XRP ETF, though not guaranteed, could significantly boost XRP, much like what happened with Ethereum.

XRP stays strong against market swings. This is due to its improved legal situation and growing use by businesses. Even with a large XRP transfer by Chris Larsen, experts believe XRP can recover.

Crypto: XRP Drops, But Experts Predict a Rise to $5

On July 25, XRP fell by nearly 7%. Part of this drop was due to uncertainty about the Bitwise 10 Crypto Index Fund. This fund holds XRP and wants to become an ETF. The SEC first allowed this but then paused its own decision. This has raised questions about when crypto assets will be widely adopted by institutions.

SEC Halts Bitwise Fund's ETF Conversion

Despite the SEC's pause, many analysts feel positive about Ripple's future. Ryan Lee, chief analyst at Bitget Research, believes that more business use and good market feelings could push XRP to $5 by late 2025. These thoughts came before the ETF pause, showing confidence in XRP's medium-term growth.

Ripple Gains Standing Against SEC and Attracts Investment

Since the 2023 court decision between Ripple and the SEC, XRP has had a clearer legal path than most other crypto assets. This is now seen as an advantage. Ripple's token has been deemed not a security in certain sales. This greatly lowers legal risks.

As the US regulator pursues other crypto projects, this clarity lets investors treat XRP as a safe asset. This opens the door for more financial firms and fund managers to use it.

XRP ETF: A Boost for Token Trading?

The idea of an XRP-backed ETF is still uncertain, but it's already drawing attention. Despite price swings, experts expect XRP to rise. They are hopeful about an ETF. If this product launches, it would make Ripple (XRP) a way for traditional money to invest. This would increase its recognition and trading volume.

Like Ethereum's past, just the thought of an XRP ETF could create steady growth. Approval would make this effect even stronger.

XRP is on a more stable path than ever. This is thanks to better rules and real-world uses. An ETF could start a new growth period.

However, a recent $175 million XRP transfer by Ripple co-founder Chris Larsen raises questions about potential selling. Does a crypto's path depend more on a financial product or on its own ability to succeed outside of the stock market?

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