XRP Price Predictions: Did Judge Torres tip the scales in favor of approving the Ripple Exchange Traded Fund (XRP ETF) and push for it?
In any case, we may witness the end of the case very soon, which could affect the intermediate deadlines for several XRP ETF applications, including those submitted by Bitwise, 21Shares, Canary Funds, WisdomTree, and Grayscale.
However, whether we wait until next week or until December/October when the deadlines arrive, the approval of spot ETFs will have a positive impact on the price of XRP.
Of course, the large number of applications - totaling 10 applications - indicates strong institutional demand for the altcoin. If we take a look at the XRP price chart today, we will notice that the coin may have been in a more bullish phase after facing a very tough period in February and March (and early April).
On the other hand, the Relative Strength Index (RSI) reading has risen close to 70 in the past few days, after remaining below the 50 level for almost this entire period.
Additionally, it seems that the whales (large investors) are preparing to take profits in the near future, as one major trader invested over $73 million in XRP just a few hours ago. XRP price to 10$ in the fourth quarter?
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