XRP Price Prediction: ETFs To Boost Ripple By 2800% While This New Layer-2 Project Is Catching Whale Attention
The post XRP Price Prediction: ETFs To Boost Ripple By 2800% While This New Layer-2 Project Is Catching Whale Attention appeared on BitcoinEthereumNews.com.
XRP could be on the verge of a massive breakout as ETF developments drive optimism. Brazil’s approval of the first spot XRP ETF and the US SEC’s acknowledgment of Grayscale’s application mark major milestones – we’ll cover this topic in detail below. While XRP gains momentum, PlutoChain ($PLUTO) is gaining attention among whales by potentially tackling Bitcoin’s biggest issues—slow transactions and high fees. Let’s check out the deets below. XRP Price Prediction: Could XRP’s Price Get Higher With Recent ETF Developments? On February 20, 2025, Brazil’s Securities and Exchange Commission (CVM) approved the Hashdex Nasdaq XRP Index Fund, making it the first spot XRP ETF in the world. Managed by Hashdex, a well-known crypto asset manager, the fund will be available on Brazil’s B3 stock exchange. The official trading date is still unknown, but Hashdex has confirmed the approval and plans to share more details soon. Meanwhile, Grayscale’s XRP ETF application has cleared a key step as the US SEC formally acknowledged it. While this doesn’t mean approval is guaranteed, it’s a significant step forward, especially given Ripple’s ongoing legal battle with the SEC. Many expected a rejection, so this acknowledgment boosts confidence in XRP’s future. Some analysts even believe that XRP could surpass Ethereum as the second-largest cryptocurrency. Crypto analyst, Maxi shared their prediction for XRP where they expect it to hit $74.30 by December which would be a 2800% boost. How PlutoChain ($PLUTO) Might Improve Bitcoin With Faster Transactions, Lower Fees, and Ethereum Compatibility Bitcoin has long struggled with slow transactions, high fees, and network congestion. While blockchains like Ethereum and Solana have introduced solutions to improve scalability, Bitcoin’s core technology remains largely unchanged. PlutoChain ($PLUTO), a hybrid Layer-2 solution, could offer a way to enhance Bitcoin’s efficiency without modifying its core network. By handling block times off-chain…
Filed under: News - @ February 23, 2025 11:03 pm