The post XRP News Today: Ripple’s Settlement May Trigger the Launch of an XRP ETF appeared first on Coinpedia Fintech News

Crypto traders had long speculated that Ripple’s legal saga would conclude in July. The anticipation was finally met when a federal judge ordered Ripple to pay $125 million in fines and mandated new regulations to prevent future legal issues. Notably, the court clarified that XRP, Ripple’s digital currency, is not classified as a security.

This ruling opens the door for the potential approval of a spot XRP ETF, which could be great news for investors. What are the chances?

New Doors Opening for XRP!

Kashif Raza, founder of Bitinning, pointed out that Ripple’s hefty fine stemmed from its sales of XRP to institutional investors, which were found to violate securities laws. However, the court’s decision also brought relief to the XRP community by ruling that sales to regular investors did not breach any regulations.

With the legal cloud over XRP’s retail sales now lifted, there’s growing excitement about new financial opportunities in the cryptocurrency space. Raza is optimistic that XRP might soon find its way into ETF applications.

If successful, this could open up fresh investment avenues and significantly enhance XRP’s presence in the financial sector.

Big Players Eye XRP

Popular crypto trader Doctor Profit has suggested that Ripple and the SEC may be collaborating on an XRP ETF.

XRP’s Market Outlook: Bullish or Bearish?

XRP missed out on the 2021 bull run due to its legal challenges, but with those issues now behind it, the market is poised for a potential surge. Doctor Profit predicts that XRP could reach prices between $16 and $20 within a year. However, in a more conservative scenario, the price might range between $4 and $7.

With the lawsuit resolved, the future looks promising for XRP, and investors are watching closely to see how this cryptocurrency will fare in the coming months.

Also Read: The Ripple Lawsuit Closure: Unresolved Questions in the Wake of SEC’s Settlement

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