We have XRP. The very 'crypto for bankers' that has been buried twenty times, but each time rises from the grave like Netflix's favorite zombie franchise.
Let's figure out what's happening here.
So, Ripple has decided to 'negotiate' with the SEC again. Remember the SEC? Those guys who can ruin your business for years because they're bored in the office. So, Ripple seems to have dropped their appeal, and now the regulators are like: 'Well, alright, live and let live.' Peace, friendship, chewing gum - and a new hope for a green light for the XRP ETF.
Ah yes, ETF. That magical word after which any crypto asset suddenly turns into something serious. 'Wow, BlackRock is buying it? To the moon immediately!' - analysts shout. And XRP is no exception. Now the SEC wants to shorten the ETF approval from 240 days to 75. Well, well. A real bureaucratic sprint! For an agency that usually operates at the speed of a snail on vacation.
In the meantime, Trump media has filed an application for 'Crypto Blue Chip ETF.' If someone still didn't get it: Trump is now literally selling a 'basket of memes' with the ETF logo. Gotta hand it to him - his hype machine works like a charm. Who knows, maybe soon at the presidential debates, he'll promise every American an XRP in every tax return right from the stage.
But let's be honest. Why has this token crawled out of the swamp again? Well, first of all, whales. If you have a billion dollars and a boring evening - you can beautifully pump up the volumes and draw a triangle on the chart. Voila: analysts are screaming about $4.50, while experts at Coindesk are wheezing about the 'continuation triangle.'
And secondly - faith. Faith that XRP will finally become a replacement for SWIFT. Faith that banks will abandon their usual crutches and switch to Ripple, forgetting all about sanctions, corruption, and protocols. Like, tomorrow morning every second banker will wake up and say: 'Wow, XRP will save the world! Where is my wallet?'
Well, friends. For now, the price is hovering around $3. Seems serious. But remember: yesterday it was $0.50, today - $3, tomorrow it could be $1.20. This is crypto. Here, analyst forecasts are like weather forecasts: they sound nice, but still carry an umbrella with you.
So if you suddenly decided to jump into XRP with dreams of a yacht and a new iPhone - also buy a hat. To cover yourself when the market reminds you who is the boss here.
Remember: when the SEC says 'yes', it means you should look for the exit, just in case.
