#Breaking: XRP Spot ETF approval is imminent, is a new round of rise about to begin?

According to the latest news, 5 XRP Spot ETFs have been registered with the DTCC (including institutions such as Franklin, Bitwise, etc.), and are expected to be listed as early as mid-November.

This progress is seen as a key step for XRP towards mainstream institutionalization, similar to the signals before the listing of Bitcoin ETF!

Core bullish analysis:

Regulatory dilemma resolved: The lawsuit between Ripple and the SEC is basically over, and the court has clarified that XRP does not qualify as a security in the secondary market, clearing the way for ETFs.

Technical strength is turning: The TD Sequential indicator has shown a "buy signal", suggesting a short-term trend reversal. The price has broken through the resistance level of $2.32, and if it stabilizes above $2.35, it may trigger a double bottom pattern, targeting $2.60-3.00.

Institutional funds are pouring in: The first batch of XRP ETFs is expected to attract $1.9 billion in assets under management, with 60% coming from institutional investors. Giants like BlackRock and Fidelity are laying out XRP's underlying infrastructure, promoting asset tokenization and cross-border payment applications.

Future trend prediction:

Short term: If the ETF is approved, the price may hit 2.80-3.00 USD.

Medium to long term: Institutions are adopting acceleration (such as the collaboration between RippleNet and Santander Bank), combined with supply deflation (transaction burning mechanism), which may see a rise to 10-12 USD by 2027.

Risk Control: Price volatility is severe, having dropped 14% in a single week recently. Attention should be paid to the final approval results from the SEC (key date on November 13).

XRP is transitioning from "regulatory uncertainty" to "infrastructure asset". With the triple catalysts of ETF, technical aspects, and application ecology, the new round of market is worth looking forward to!

#XRP现货ETF将上线