Ethereum

<p>The post <a href="https://coinpedia.org/news/ripple-ceos-perspective-on-xrp-etf-weighs-in-on-regulatory-factors/">XRP ETF on the Horizon? Ripple CEO Hints at Regulatory Greenlight</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Crypto market or rollercoaster? It’s a mix, really!</p> 
<p>However, amidst the chaos, XRP has been a steady ship, sailing between $0.30 and $0.90 for over a year, now docking at $0.60. Ripple’s CEO, <a href="https://coinpedia.org/news/xrp-lawsuit-saga-ripple-ceos-call-for-clear-crypto-regulations/">Brad Garlinghouse</a>, recently stirred excitement at <a href="https://twitter.com/ParisBlockWeek">Paris Blockchain Week</a> with talk of a potential XRP exchange-traded fund (ETF).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It’s great to be back at <a href="https://twitter.com/ParisBlockWeek?ref_src=twsrc%5Etfw">@ParisBlockWeek</a> — I joined <a href="https://twitter.com/xrpl_commons?ref_src=twsrc%5Etfw">@xrpl_commons</a> CEO David Bchiri on stage to discuss why Ripple is planning to launch a USD stablecoin later this year, growing the <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw">#XRPL</a> community, and crypto regulation (of course!). <a href="https://t.co/r2No7XmQZZ">pic.twitter.com/r2No7XmQZZ</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1777974137450881242?ref_src=twsrc%5Etfw">April 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Let’s delve deeper into what the leader had to say.</p> 
<h2 class="wp-block-heading" id="h-xrp-s-unique-position"><strong>XRP</strong>‘s Unique Position</h2> 
<p>Garlinghouse highlighted a crucial point: only Bitcoin and XRP have clear regulations in the US. While Ethereum strives for ETF approval, doubts linger, with analysts giving it just a 35% chance.</p> 
<p>Diversification is key in crypto, and Garlinghouse stressed XRP’s unique position amid Ripple’s legal battle with the SEC. He sees this regulatory clarity as a boon for future XRP products, like ETFs. But, without clear SEC guidelines, there are worries about the messiness of XRP ETFs.</p> 
<h2 class="wp-block-heading" id="h-xrp-price-analysis-trouble-coming"><strong>XRP Price Analysis</strong>: Trouble Coming?</h2> 
<p>Despite the uncertainties, XRP has shown resilience, bouncing back alongside other altcoins after the approval of 11 <a href="https://coinpedia.org/news/peter-schiffs-warning-legal-storm-clouds-over-bitcoin-etfs/">spot Bitcoin ETFs</a>. Technical analysis points to a bullish pattern, suggesting a potential surge to $1.10. However, with no convergence point until 2024, XRP might stick to its consolidation path for now.</p> 
<p>This consolidation phase could prolong throughout the year, awaiting regulatory developments to provide clearer direction. As the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> remains within its established range, investors await further developments, including potential ETF approvals, which could serve as catalysts for significant price movements.&nbsp;</p> 
<p>Also Read: <a href="https://coinpedia.org/news/i-wont-invest-in-bitcoin-etfs-or-any-etfs-says-financial-guru-robert-kiyosaki-heres-why/"></a><a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-for-q2-2024/">Bitcoin, Ethereum And XRP Price Prediction For Q2 2024!</a></p> 
<h2 class="wp-block-heading" id="h-it-s-not-getting-easier"><strong>It’s Not Getting Easier!</strong></h2> 
<p>Garlinghouse’s optimism about XRP ETFs clashes with the reality of Ripple’s <a href="https://coinpedia.org/news/ripple-vs-sec-ripples-path-forward-after-sec-vs-govil-appeal/">legal battle with the SEC</a>, which could delay XRP’s ETF approval, despite Garlinghouse’s talk of “regulatory clarity.”</p> 
<p>Plus, the success of Ripple’s stablecoin faces uncertainty, given competition from established market players. This situation matters because, despite regulatory challenges, XRP’s regulatory status could give it an advantage over other cryptocurrencies like Ethereum in the ETF approval process.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-settlement-speculations-will-the-xrp-price-hit-new-heights/">XRP Price to the Moon? Secret Meeting Ignites Hopes for Ripple vs SEC Lawsuit Settlement</a></p>

XRP ETF on the Horizon? Ripple CEO Hints at Regulatory Greenlight

Table of Contents

CoinPedia News

Other articles published on Apr 12, 2024

Trader Says He’s Still ‘Hugely Bullish’ on This Gaming Altcoin, Updates Outlook on Arbitrum and R...

Ex-Security Engineer Gets Three Years for First-Ever Smart Contract Hacking Conviction, Stole $12...

Celestia Eyes $13 Rally, Dogecoin Nears Breakout: Analyst Insights

Turn Your Crypto Dreams into Reality with These Top Picks

Bitcoin (BTC) and Ethereum (ETH) Getting Crushed. Is Bull Run Over?

Bitcoin no longer in ‘easy mode’ — Expect a leverage wipeout, observers warn

Join our free newsletter for daily crypto updates!