Monica Long, the president of Ripple in a recent video interview, discussed her views on XRP’s price trajectory and future path. Long, amid the ETF hype shared that launching an XRP ETF is a sensible move, considering XRP’s momentum and support from its community.
She reiterated this long after, stating that it was natural for the tokens to be attractive given the fact that XRP checks all of the necessary boxes for a product launch with such a broad range.
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Factors supporting the launch of an XRP exchange traded fund
It is a good idea to get in touch. interview Long said that the Block would be a great addition to Long’s Block. “logical” You can expect XRP ETF application from large organisations. She shared that XRP meets all of the requirements needed for a crypto-ETF. Her first point was to emphasize the popularity index of XRP. Ripple, she added, is the 7th-most popular crypto in terms of market capital.
She also shared that XRP was the most traded asset at the moment, indicating a huge demand for Ripple on the market. The tokens are currently traded on over 100 exchanges in the crypto sector, confirming its place as a leader.
Later, Long reiterated that the XRP court decision of 2023 which clarified Ripple’s status as a non-security, was the main reason for the XRP ETF to be a natural and logical process. Long argued that XRP, Bitcoin and other assets are only assets with a clearly defined regulatory stance. Launching an XRP-based ETF is a logical and sensible process.
“About ETFs, I think it would be very sensible for someone to launch an XRP ETF, as XRP has been trading within the top 10 for how long, maybe its entire life. And on top exchanges like Coinbase and Kraken. It’s certainly in the top 5 of daily volume.”
Future XRP Price
The launch of an XRP ETF doesn’t seem like a pipe dream. According to CoinCodexXRP’s price is slow but it continues to show positive signs for the future.
The CC predicts that XRP will surge and spike by 20% to $0.57 by the middle of July.
“According to our current XRP price prediction, the price of XRP may by 20.75% and reach $0.5751 by July 28, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 47 (neutral). XRP recorded 11/30 (37%) green days with 3.60% price volatility over the last 30 days.”
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By the end of 2024, the platform expects token to reach the $1 mark.
“XRP may trade within a range of $0.300139 and $1.4937. If it reaches the upper price target, XRP could increase by 213.36% and reach $1.493.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
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Source: watcher.guru
