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XRP ETF

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-anticipate-positive-trends-for-xrp-etf-launch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Anticipate Positive Trends for XRP ETF Launch</a><br></p>
<p style="text-align: justify">Experts maintain optimism regarding a potential XRP ETF launch due to increasing expectations for crypto-friendly regulations in the United States. Donald Trump’s electoral victory has strengthened the outlook for a favorable environment for cryptocurrencies in the country. Additionally, the upcoming approval of Ripple’s stablecoin, RLUSD, has further boosted market sentiment.</p>
<h2 id="xrp-etf-launch-prospects">XRP ETF Launch Prospects</h2>
<p style="text-align: justify">With Trump’s election win, investors appear hopeful for a conducive regulatory environment in the U.S. Trump, who actively supported the <a href="https://en.coin-turk.com/whales-sudden-crypto-sell-off-shakes-the-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> industry during his campaign, promised to position the U.S. as a leader in <a href="https://en.coin-turk.com/wisdomtree-lists-bitcoin-and-ethereum-etps-on-london-stock-exchange/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>. The potential for ETF approval will also become clearer depending on whether the new <a href="https://en.coin-turk.com/trezor-introduces-three-new-crypto-products-trezor-safe-3-trezor-keep-metal-and-trezor-safe-3-limited-edition/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> administration expedites the appeal process in the Ripple case. If the SEC does not end its ongoing battles with crypto companies, a contradiction may arise despite Trump’s pro-crypto strategy.</p>
<p style="text-align: justify">The new SEC chairman is perceived as crypto-friendly, and to convince the market of reversing past mistakes, he must end legal battles outside of fraud cases. The key focus for investors will be the initial pricing of expectations. Should the lawsuits be dropped and the SEC implement its “best-case scenario,” XRP Coin and other altcoins awaiting ETF approval could see a rapid surge. The second phase will involve the approval of altcoins that have already secured Trust status.</p>
<h2 id="ripple-rlusd-approval-and-market-impact">Ripple RLUSD Approval and Market Impact</h2>
<p style="text-align: justify">The NYDFS’s approval of Ripple’s stablecoin, RLUSD, has increased market optimism. Following SEC Chairman Gary Gensler’s resignation announcement, this positive development is particularly significant for Ripple’s XRP compared to other altcoins. As a result, XRP’s price has surged by 250% over the last 30 days, although it remained relatively stable on a weekly basis.</p>
<p style="text-align: justify">BitBoy’s recent hints regarding an XRP ETF launch are expected to reverse trends and strengthen market optimism. Firms such as WisdomTree, Bitwise, 21Shares, and Canary Capital have filed applications for an XRP ETF, raising investor expectations. Ben Armstrong predicted that XRP’s price could rise to $4.50 by this year or January 2025.</p>
<p style="text-align: justify">Positive expectations for the XRP ETF launch are bolstered by regulatory developments in the U.S. and the approval of Ripple’s stablecoin. The predictions of experts and market analysts are enhancing investor confidence in XRP’s future.</p>
<p>The post <a href="https://en.coin-turk.com/experts-anticipate-positive-trends-for-xrp-etf-launch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Anticipate Positive Trends for XRP ETF Launch</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Experts Anticipate Positive Trends for XRP ETF Launch

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