#XRPETF

**🚀 Major buzz around the XRP exchange-traded fund: Ripple's CEO hints at imminent launch - XRP price rises by 18% due to speculation

The cryptocurrency world is abuzz after Ripple's CEO, Brad Garlinghouse, announced **"important announcements"** at the Consensus 2024 conference, sparking rumors about a **XRP exchange-traded fund** in the works. The price of XRP instantly rose by **18%** as traders bet on:

🔥 **Why this could be huge:**

✔ The first **non-Bitcoin/Ethereum exchange-traded fund** will break the ceiling for altcoins

✔ **Legal clarity** for Ripple (after resolving the SEC lawsuit) makes XRP a leading candidate

✔ Larry Fink, CEO of BlackRock, recently described XRP as an **interesting asset**

✔ Potential applications in the **EU or Dubai** first (with more friendly regulatory bodies)

With XRP trading volume up by **300%** and the imminent launch of Ripple's stablecoin, this could be the catalyst to finally break the **6-year resistance wall**. (Source)