The current market excitement and buzz is signaling a renewed interest with new XRP ETFs being filed. In this wake, CBOE has pushed for four XRP ETFs, creating a wave of anticipation and speculation in the market. That being said, Ripple’s CEO Brad Garlinghouse has also dropped a major hint in the process, adding more fuel to the fire. What is this mayhem all about? Let’s find out.
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XRP ETFs Approval To Gain Speed?
In a fresh new development spree, CBOE has pushed for four new XRP ETFs. The application has been filed by financial giants like Wisdom Tree, Canary, Bitwise, and 21 Shares. This development has created an incredibly bullish scenario for XRP, which is already gaining traction with each passing day.
🚨NEW: The @CBOE has just filed the 19b-4s on behalf of @BitwiseInvest and @CanaryFunds for their $XRP ETFs.
The 19b-4 forms are the next step in the ETF approval process after issuers file their S-1s. The 19b-4s basically ask the @SECGov to allow them to list and trade the… pic.twitter.com/vMkoTk6G3P
— Eleanor Terrett (@EleanorTerrett) February 6, 2025
In the middle of this, rumors of Ripple CEO Brad Garlinghouse joining Trump’s advisory board are also gaining steam, adding more to the brewing development.
Such bullish scenarios are helping the token gain significant momentum. With the US SEC acknowledging Litecoin and Solana ETFs, it’s about time that the regime noticed the pile of XRP ETFs and shared its approval. If this vision materializes, XRP could gain significant price momentum, soaring to new highs in no time.
Fresh Timeline Update
Another critical update has been dropped by Ripple’s CEO, Brad Garlinghouse. Amid the positive XRP ETF filings, Garlinghouse took to X to share this news with an alarm emoji. This emoji has sparked wild speculation in the market, anticipating that the XRP ETFs might be on the brink of receiving approvals from the US SEC.
— Brad Garlinghouse (@bgarlinghouse) February 6, 2025
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The Token’s Price Path Ahead
Per CoinCodex, Ripple is already aiming for $4, which it could achieve by May 2025. However, if the momentum goes strong, Ripple can surge to even higher price realms amid such positive price development.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 66.79% and reach $ 3.94 by May 8, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 44 (Fear). XRP recorded 15/30 (50%) green days with 11.58% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
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