XRP Could See Notable Gains Amid Ripple’s Banking License and Potential Grayscale ETF Approval
2025-07-04 00:27:53
Main Idea
XRP could see a 40% rally to $3.20 due to Ripple's banking license application, potential Grayscale XRP ETF approval, and increasing institutional demand, supported by a bullish technical breakout.
Key Points
1. Ripple's banking license application could enhance XRP's credibility and expand its services, strengthening its market position.
2. A potential Grayscale XRP ETF approval may unlock institutional capital inflows, increasing XRP's accessibility and legitimacy.
3. Technical analysis shows a bullish pennant breakout for XRP, projecting a 40% price increase to around $3.20.
4. Regulatory uncertainty, including the ongoing SEC lawsuit against Ripple, remains a risk factor for XRP investors.
5. Increased institutional interest is reflected in an 11% rise in XRP derivatives open interest within 24 hours.
Description
XRP is signaling a potential 40% price surge, driven by Ripple’s banking license application, ETF approval hopes, and rising institutional interest. Recent market activity shows XRP gaining momentum with a
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