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XRP Price Outlook: Will Spot ETF Approval and XRPL EVM Sidechain Spark a Rebound?

Categories: Crypto News | Published by: Surjeet
02/07/2025
will-spot-etf-approval-and-xrpl-evm-sidechain-spark-a-rebound

XRP has had a difficult time regaining its bullish momentum.  It is currently selling at around $2.19, down over 35% from its all-time high of $3.40.   But, with a lot of significant changes taking place at the same time, may things be about to change for Ripple’s native token?

XRP Spot ETF Approval: Institutions Are Showing Interest

According to Bloomberg experts Eric Balchunas and James Seyffart, the XRP spot Exchange-Traded Fund (ETF) has a 95 percent likelihood of approval by the US Securities and Exchange Commission.   Companies including as Grayscale and Franklin Templeton have suggested these ETFs, which would allow average investors to have exposure to XRP without really holding it.  This would attract a fresh wave of institutional investors.   If it receives the go light, XRP will join Bitcoin and Ethereum in the spot ETF club, giving it further legitimacy in mainstream finance.

XRPL EVM Sidechain: A New Place for Web3 Developers to Work

Ripple’s mainnet release of the XRPL EVM Sidechain is a significant step forward for decentralized innovation.   Developed in collaboration with Peersyst, it enables developers to create decentralized apps that interact directly with Ethereum on the XRP Ledger while maintaining XRPL’s low-cost, fast-settlement architecture.   This provides DeFi, stablecoins, and tokenized assets a stronger chance of success in the Ripple ecosystem.

Also read: XRP Price Cannot Break Higher Despite Strong Institutional Demand and Derivatives Momentum

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