Ripple with SEC $2.46 As the long -standing legal process between him approached the end, XRP investors were re -hoped. With Ripple’s net payment of approximately $ 50 million, the expectations of the XRP Stock Exchange Investment Fund (ETF) came up. Improvements for regulations in the sector and potential investment waves are carefully monitored. The statements of Ripple CEO strengthened ETF expectations.
XRP ETF is on the agenda: Description from Garlinghouse
Ripple CEO Brad Garlinghouse, in an interview with Bloomberg, said they were positively approaching the possibility of XRP ETF. Garlinghouse said that a stock market investment fund for the XRP community may make sense. This statement led to the revival of expectations among investors.
The XRP ETF is considered a development that may attract the attention of both corporate and individual investors. According to experts, a possible XRP ETF that receives approval may bring a high amount of capital entry to the market. CRYPTO.com CEO Kris Marszalek said that after ETF approval, it is possible to enter an investment entry up to $ 8 billion.
It is said that large investment companies such as Blackrock may prepare potential application for XRP ETF. This possibility becomes even more likely as regulatory clarity is achieved. ETF developments are seen as one of the important elements that will determine the course of corporate investment interest in the crypto currency market.
New stage in the Ripple-SEC case
Ripple has gone through an important turn in the case with SEC. In the first place, a penalty of 125 million dollars, the company, as a result of his objections managed to take back $ 75 million. In the last case, Ripple’s net payment amount fell to approximately $ 50 million.
This development was interpreted as the last stage of the case. Sector players and analysts predict that the reduction of regulatory uncertainties will alleviate the pressure on XRP. The clarification of Ripple’s position in the case may also pave the way for potential ETF applications.
In this process, SEC is expected to develop more open rules for the crypto currency market. Experts say that the Ripple case may be a turning point not only in the company but also for the general crypto currency sector. With the results of the case, the problems of the sector with the lack of regulation may come up more.
Resistance and expectations in XRP price
While the XRP price struggles with $ 2.50 -level resistance, investors expect a upward break. Popular crypto currency investor Seyma said that the weekly target is between $ 3 and $ 3.24. However, investors continue to evaluate these views with their own analysis.
Price expectations are shaped depending on ETF developments and the case process. Possible ETF approval and decrease in regulatory uncertainties can allow XRP to value. However, market players continue to move in cautious optimism.
According to technical analysis, the movement of XRP over $ 3 may increase the interest of long -term investor. However, these levels are not tested yet. Fluctuations in market conditions require investors to be careful.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
