Expert Predicts 11 Possible Events That Could Impact XRP and Ripple in the Next 3 to 9 Months
The post Expert Predicts 11 Possible Events That Could Impact XRP and Ripple in the Next 3 to 9 Months appeared on BitcoinEthereumNews.com.
According to community figure Luke Thomas, the XRP community could see several impactful developments for both Ripple and XRP in the coming months. He has laid out his predictions for the next three to nine months, projecting major events that may solidify Ripple’s position in the finance scene and bolster XRP growth. His commentary comes on the back of Donald Trump’s recent win in the U.S. presidential election. RLUSD, XRP ETF, Ripple v. SEC Settlement Thomas anticipates the first event will be a set of new stablecoin regulations that could enable Ripple to launch its upcoming stablecoin, RLUSD. Notably, Ripple has already partnered with exchanges for this purpose, but they’re awaiting final regulatory approval. Secondly, Thomas also predicts that major financial firms might soon file for XRP-focused spot ETFs, similar to how BlackRock and others have shown interest in Bitcoin ETFs. Following the launch of Bitcoin ETFs, the investment products have become a success. He believes the forthcoming XRP ETFs could either be standalone or bundled with other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Solana. Interestingly, asset managers Canary Capital, Bitwise, and 21Shares have already submitted XRP ETF applications. Also, Grayscale has requested to convert its multi-asset trust that includes XRP into an ETF. Thomas suggests that the third key development could be a settlement in the ongoing Ripple vs. SEC lawsuit. He envisions this settlement involving the $125 million set by the court. However, the case is already heading to appeal, with the SEC’s deadline to submit its appeal brief being January 2025. However, the pundit believes there could be a settlement. This largely syncs with speculation of a termination of the case should the new Trump administration fire the SEC Chair Gary Gensler and effect a new management. Ripple IPO, RWA Tokenization, Utility Tokens’ Boost For the…
Filed under: News - @ November 7, 2024 8:29 am