CandleFocus Ex-Ripple Exec Predicts When XRP Can Take Off and ETF Launch
2024-10-25
Author: Content Editor
Former Ripple director Sean McBride believes that XRP exchange-traded funds (ETFs) could launch as early as next month, aligning with his previous prediction that an XRP ETF would launch before the end of 2024. However, it is unlikely that the Securities and Exchange Commission (SEC) will approve these ETFs next month. Analysts suggest that an XRP ETF would have a higher chance of approval with a new SEC administration or congressional action. McBride expects XRP's price to begin a bullish run next year. XRP's price has been on a decline recently and is currently trading at $0.5247. McBride also predicts that the upcoming RLUSD stablecoin will gain popularity alongside the broader crypto market. Ripple CEO Brad Garlinghouse emphasized the importance of stablecoins in Ripple's payment vision, indicating the potential market opportunity for RLUSD.
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