The XRP community is eagerly waiting for key events that could shape the future of the cryptocurrency. The ongoing legal battle between Ripple and the U.S. SEC is nearing its end, with XRP holders hoping for a favorable outcome that could skyrocket its value. Furthermore, the approval of XRP exchange-traded funds (ETFs) could bring institutional demand and drive up its price. The XRP community is also anticipating game-changing announcements from Ripple regarding new partnerships in Europe. However, as the waiting phase continues, market sentiment is dropping, leading to selling pressure. Despite this, the XRP community is advised to exercise patience as significant price movements often follow low sentiment.
Bitcoin, Solana and Crypto Markets Likely in ‘Classic Bear Trap’ Before Euphoric Move: InvestAnswers