#XRPETF #XRPETF
If the approval for launching the XRP ETF (positive scenario) occurs:
Immediate impact:
A sharp and rapid increase in the price of XRP due to a strong influx of new liquidity, especially from major investment institutions.
Potential target levels:
We may witness quick jumps towards 2.70$ then $3.00, and with the continued momentum, we might see attempts to test higher historical areas like 3.50$ and 4.00$ within a few weeks.
Market sentiment:
It will shift to a fierce buying sentiment (FOMO), pushing prices to unexpected levels quickly.
Liquidity movements:
New money entering from investment funds, financial institutions, and even major banks may start allocating part of their portfolios to XRP.
Potential risks:
After a strong rise, we may see violent profit-taking later (corrections), but the overall trend remains upward as long as it stays above the key breakout levels.