The XRP ETF chaos has certainly intensified as the buzz around XRP leading the ETF wave is slowly coming to a boiling point. The latest news surrounding Ripple revolves around XRP ETF listings appearing on the DTCC website, news that led the latest XRP rally, with the price of the asset breaking past $2.50 in the latest feat.
Also Read: Trillions Coming On-Chain as BlackRock XRP ETF Buzz Grows
XRP ETFs Finally Launching This Week?
Per the latest tweet by CoinMarketCap, XRP rallied 12% in the last 24 hours, hitting $2.56, as XRP ETF momentum gained significant traction once again. The narrative involves 11 ETFs, including Bitwise, 21Shares, and Proshares XRP ETFs appearing on the DTCC website, fueling the XRP rally up a notch. At the same time, CMC was quick to add how analysts are expecting the first XRP ETF to launch this week, driving the Ripple momentum to hit fresh highs.
“LATEST: ⚡️ XRP rallied 12% to $2.56 as 11 ETFs from 21Shares, Bitwise, ProShares, and others appeared on the DTCC website, with analysts predicting the first spot XRP ETF could launch this week.”
Responding to the news, Ripple was able to rally 12%, hitting a major high of $2.56. In addition to this, news of the US government shutdown ending is also fueling the token’s rally, as the end of the shutdown signals increasing investor risk appetite, which could flow into the crypto domain, ramping up the prices of major crypto assets.
XRP Rally Prospects: Analysts Forecast Their Targets
According to Ali Martinez, XRP is currently trading towards a bullish path, one that may help the asset hit $6 in the long run.
Egrag Crypto, another leading XRP expert, shared how the asset is on a whole new trajectory, aiming to hit $10 to $30 in due time.
“History says: If #XRP doesn’t soon print a massive white/green/blue candle style like in 2017 or 2021, targeting $10 to $37, then sure, doubt all you want. But until then… I remain ultra bullish. 🐂🔥 I’ll ride this beast one more time, from Valhell to Valhalla. ⚡🏰 Mark my words: #XRP will usually melt faces within 4–6 weeks, and history backs it up with evidence.”
Also Read: Canary Capital Sets Nov. 13 Launch for XRP ETF After SEC Shift
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