Bitrabo Editorial
After the introduction of Spot Bitcoin ETFs, Bitcoin (BTC) saw a significant price surge to new record highs. This leads to speculation about whether the possible launch of an XRP ETF could drive the cryptocurrency’s price to an all-time high of $20.
Ripple’s Legal Settlement and XRP ETF Possibility
As the prolonged legal battle between Ripple Labs and the SEC nears its end, with Ripple ordered to pay $125 million in civil penalties, the clarity provided by the ruling that XRP is not a security paves the way for an XRP ETF. With Ripple’s regulatory status resolved, the potential for new XRP ETF filings is anticipated.
The Founder of Bitnning, Kashif Raza, is optimistic about the prospects of an XRP ETF. Raza believes that while selling XRP to institutional investors breached securities laws, selling to retail investors is compliant. This distinction is seen as positive for the XRP community.
Anticipating an XRP ETF between 2024 and 2025 following Ripple’s regulatory clarity, enthusiasts and analysts foresee the possibility of an XRP ETF in the near future, which could shape the cryptocurrency’s path.
XRP Price Potential Amid ETF Speculation
After the settlement and court ruling confirming XRP not as a security, the cryptocurrency’s price surged over 25%, surpassing $0.6 and approaching $0.7. Speculations about an XRP ETF introduction have sparked discussions about the significant impact it could have on XRP’s value.
With Bitcoin’s history of reaching new highs post-ETF launch, the potential for XRP to hit $20 in the event of an ETF introduction seems plausible. Analysts set varying bullish targets for XRP post-ETF launch, with some predicting a rise in the price range of $4 to $8, while others foresee a more optimistic outlook reaching $18 to $20 within the next few months.