Market analyst sees '1500% pump' in XRP price amid multiple ETF applications
#xrpetf Several analysts are predicting a massive XRP price pump and chart fractals suggest a long-term target as high as $99.
XRP wiped out nearly 23% of its value in the past seven days and hovers around $2.42 on Feb. 7, down 3% over the last 24 hours.
Meanwhile, multiple spot XRP ETF applications and bullish technicals could see the altcoin rally into double-digits
XRP ETFs gain major traction
XRP’s upside is supported by applications for XRP exchange-traded funds (ETFs) by leading asset managers, including 21Shares, Bitwise, Canary Capital, and WisdomTree.
According to a report by Cointelegraph, the firms have filed for spot XRP ETFs with the US Securities and Exchange Commission (SEC) through the Cboe BZX Exchange.
The 19b-4 filings inform the SEC of a proposed rule change and, if approved, would lead to the first XRP ETFs in the country.
These filings follow recent XRP ETFs filled by CoinShares and 21Shares, among others.
source : google