The president of Ripple, Monica Long, in a recent interview, shared her thoughts on XRP’s future price path and trajectory. Amid ETF hype, Long shared how launching an XRP ETF would be sensible, given XRP’s huge momentum and community support.
Long later, she reiterated how it would be organic for the token to attract applications given that XRP ticks all the boxes that are mandatory for launching such an extensive product offering in the market.
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Long Shares Factors That Support Launching XRP ETF
In an interview with the Block, Long shared that it would be “logical” to expect XRP ETF applications from major organizations. To support her claim, she shared how XRP checks all the required conditions needed to launch a crypto ETF. She first emphasized the popularity quotient of XRP, adding that Ripple currently ranks as the seventh-top crypto by market cap.
Secondly, she shared how XRP is the most heavily traded asset as of now, indicative of a massive demand for Ripple in the market. The token is currently available for trading on nearly 100 crypto exchanges, solidifying its foothold in the sector.
Long later, it was reiterated how XRP’s court ruling of 2023, clarifying Ripple as not a security, is the biggest reason why the XRP ETF launch should be deemed a natural process. Long concluded that XRP and Bitcoin are the only assets possessing a clear regulatory stance and that launching an XRP ETF should be deemed a sensible and logical 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.”
XRP Future Price
With the launch of the Solana ETF in the mix, launching an XRP ETF does not appear to be a dream, which is difficult to achieve. According to CoinCodex, XRP’s price action is rather slow, but the token’s momentum continues to project positive future developments.
Per CC, XRP may spike and surge by 20% by mid-July to trade at $0.57.
“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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The platform predicts the token will ascend and claim the $1 mark by the end of this year, 2024.
“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.”