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XRP Price on Verge of Major Milestone, Is $3 Imminent?
The recent surge in the price of Ripple’s native cryptocurrency, XRP, has left many investors and analysts wondering if the asset is about to reach a major milestone. According to recent reports, asset managers have filed applications for Spot XRP ETFs, which, if approved, could open up regulated investment opportunities for XRP.
The potential approval of these products would allow more investors to gain exposure to XRP under regulated conditions, potentially leading to an influx of capital into the market. If this scenario plays out, it is likely that the price of XRP will experience a significant boost in the long term.
Furthermore, Ripple Labs Inc. has secured approval from the New York Department of Financial Services (NYDFS) to launch its RLUSD stablecoin. This development has the potential to significantly increase the liquidity of XRP, which could also contribute to an upward trajectory in price.
While no one can predict with certainty whether or not the price of XRP will reach $3, many experts believe that these recent developments could have a profound impact on the asset’s performance moving forward.
Source: u.today
