With the resolution of Ripple’s legal dispute and the continuous growth of XRP, attention is now turning to the possibility of approving an exchange-traded fund (ETF) for this digital currency. Analysts predict that the approval of an XRP spot ETF may happen sooner rather than later, opening doors for institutional investors. The involvement of major asset management companies like BlackRock and Fidelity could significantly boost institutional demand and drive Ripple’s price to new levels. Some analysts believe that increased on-chain activities could spark Ripple’s growth. Technical analysis shows that XRP has broken the 50-day moving average, often indicating a trend change. Despite signs of an uptrend, a prominent market analyst points out a head and shoulders pattern forming in XRP’s chart, which if confirmed, could push the price down to $1. In the current climate, analysts emphasize that XRP’s future hinges on regulatory decisions and institutional demand. If a Ripple ETF is approved, XRP could enter a new phase of growth and acceptance.
