TL;DR
An ETF approval could fuel a triple-digit XRP rally in the mid-term (according to ChatGPT).
Despite the positive outlook, there is a risk of a “Buy the Rumor, Sell the News” effect, where prices fall after the possible green light.
The Potential Price Targets
Ever since the launch of exchange-traded funds (ETFs) in the US tracking the performance of Bitcoin (in January 2024) and Ethereum (July 2024), industry participants have been wondering what’s coming next.
There have been some indications lately that an XRP ETF may go live in the near future. Bitwise registered such an investment instrument in Delaware at the beginning of October, while Canary Capital followed suit several days later. The former is yet to file the ETF with the US SEC (the agency that decides