- Bullish speculation surrounding XRP are growing that suggests millionaires may emerge from exposure to the coin.
- Among the bullish projections are potential Ripple IPO and XRP ETF.
Following recent bullish momentum in the crypto market, investors are now wondering whether XRP, the native cryptocurrency of Ripple Labs Inc. could be the ultimate millionaire maker.
To address this, a confluence of events, including talk of an IPO, a partial settlement with the US Securities and Exchange Commission, advancements in XRP Ledger (XRPL) development, and the possibility of an XRP ETF, suggest that XRP may indeed hold the key to substantial wealth creation for investors.
Ripple’s Settlement With the SEC
Ripple’s legal dispute with the United States Securities and Exchange Commission (SEC) has been a key stumbling block to XRP. The SEC charged the company for issuing XRP as an unregistered security. However, recent developments have given Ripple and XRP investors reason to be optimistic.
As Crypto News Flash had earlier detailed, US District Judge Analisa Torres ruled in mid-July that XRP is not a security when trading on exchanges, resulting in partial clarity for the cryptocurrency. However, the SEC requested an interlocutory appeal, which the judge eventually denied. The upcoming completion of the SEC settlement scheduled for April 29, is projected to be a key moment for XRP, with a positive decision greatly increasing its value and market attractiveness.
Additionally, the possibility of an XRP Exchange-Traded Fund (ETF) has been a topic of much speculation in the crypto community. With the recent approval of the first-ever spot Bitcoin ETF by the SEC, industry experts believe that other assets, including XRP, could follow suit.
Leveraging insights from earlier Crypto News Flash reports, Ripple’s former director, Sean McBride, has hinted at strategic plans to launch an XRP ETF by 2024 or 2025.
Markedly, an XRP ETF would make XRP more accessible to both retail and institutional investors, offering an easy and secure way to invest in the cryptocurrency. Consequently, the approval of an XRP ETF by regulatory authorities would unleash a rush of capital into the market, sparking a bull run that may turn early XRP investors into millionaires.
Furthermore, talks of a potential IPO in 2025 have garnered attention, with projections suggesting a valuation of up to $150 billion for Ripple. An IPO would offer Ripple access to traditional capital markets while validating its business model and technology in the eyes of institutional investors. This enhanced legitimacy might spark a tidal wave of investment, increasing demand for XRP and potentially sending prices skyrocketing.
XRPL Development and Price Projections
Beyond regulatory and market developments, Ripple’s continued efforts to improve XRPL and expand its ecosystem demonstrate its long-term growth potential. Industry analysts, like Archax CEO Graham Rodford, predict that XRPL’s trading volume could surge to $30-50 trillion by 2025, potentially driving XRP’s price to record peaks.
Analysts studying on-chain data and large XRP transactions have also reported encouraging indicators and high confidence among XRP whales, adding to excitement about the digital asset’s future. As of press time, XRP is trading at $0. 632, up by 6.6% in the past 24 hours, with a market cap of $34.5 billion.
