Monica Long shared in a recently conducted interview her opinions on the future trajectory of XRP. Long explained that launching an XRP ETF, in the midst of ETF buzz, would make sense, due to XRP’s massive momentum and community backing.
She reiterated this long after, stating that it was natural for XRP to be attractive for applications as XRP checks all of the necessary boxes for launching a product with such a broad range.
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The Long-Sharps Factors that Support the Launch of XRP ETF
![rIPPLE XRP](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/Launching-XRP-ETF-Will-Be-A-Sensible-Choice-Says-Ripple.jpg)
Then, you can get in touch with us. interview Long revealed that Block was a block. “logical” Expect XRP ETF requests from large organizations. She shared that XRP meets all of the requirements needed for launching a crypto-ETF. She began by highlighting the popularity of XRP and added that Ripple is currently ranked as the seventh largest crypto market capital.
Second, she revealed that XRP, the currency most commonly traded, is indicative of a high demand in the Ripple market. The tokens are currently traded on over 100 exchanges in the crypto sector, confirming its place as a leader.
It was later reiterated by Long that the XRP 2023 court ruling, which clarifies Ripple is not a financial instrument, should be deemed a logical and natural process. Long’s conclusion was that XRP is the only asset with a clear regulatory stance, and that launching an XRP exchange-traded fund (ETF) would be a logical and sensible 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.”
Future XRP Price
The launch of an XRP ETF doesn’t seem like a pipe dream. According to CoinCodexXRP’s price is slow but it continues to show positive signs for the future.
According to CC, the price of XRP could spike up by 20 percent by mid-July and 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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By the end of 2024, the platform expects tokens to reach the $1 mark.
“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.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
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Source: watcher.guru