Ripple CEO Brad Garlinghouse says it’s reasonable to expect other ETFs like XRP. Garlinghouse suggests that more crypto ETFs would make the market safer. According to Ripple’s CEO, BlackRock launching an XRP ETF “makes sense for the XRP Army.” Meanwhile, an analyst with the pseudonym Dark Defender is plotting a route above $1 for XRP.
“It is reasonable to expect other ETFs!”
Ripple CEO Brad Garlinghouse commented on the possibility of BlackRock launching an XRP exchange-traded fund (ETF). cryptokoin.comAs you follow from , after the approval of spot Bitcoin ETFs, expectations shifted to other cryptocurrencies. Speculations in this direction are increasing. With this in mind, Garlinghouse was asked about the possibilities of an XRP ETF. In response, Ripple CEO stated that it is reasonable to expect additional ETFs following Bitcoin’s precedent. He drew parallels with the early days of the stock market, when investors sought to invest in companies in a diversified manner to minimize risk.
Ripple’s CEO said, “I think we will see other ETFs. “This makes the markets safer.” said. Additionally, the Bloomberg journalist asked if Ripple itself would adopt an XRP ETF, to which Garlinghouse responded positively. Moreover, he pointed out the possibility baskets of crypto ETFs. Thus, he emphasized that XRP ETFs will eventually happen.
Ripple CEO What does he think about the XRP ETF?
Based on this sentiment, the journalist asked whether Ripple has been in talks with major issuers such as BlackRock regarding the potential launch of an XRP ETF. Garlinghouse didn’t give a direct yes or no answer. However, he noted that such a move would be fruitful for the XRP community. Garlinghouse said: “I will not comment on this. I know BlackRock has said some things publicly. “We think this makes sense for the XRP community in general.” said.
In particular, Ripple CEO is cautious about predicting the exact timeline for the launch of an XRP ETF. He underlined that a court decision would be needed to get the SEC to approve Bitcoin spot ETFs.
Dark Defender continues its rise in XRP
Dark Defender continues the rise on the Ripple-backed token. Notably, the analyst even declared that XRP would soon reach $1.88 as part of his third wave targets. Consistent with this, the analyst says that XRP reached orange resistance on the daily chart as of February 17. He also emphasizes that he is watching for supports in the short term. Meanwhile, XRP’s second wave is positioned as a correction wave, ending in a range of $0.5198 to $0.5066.
According to the analyst, XRP needs to break the daily Ichimoku Clouds, which is an indicator of technicals. Additionally, Dark Defender advertises that it portrays a bullish climate in the broader crypto market. A potential break above this cloud would indicate a significant uptrend, making the token’s run to the $0.6649, $0.7707, and $0.9191 targets imminent. Conversely, a close below the Ichimoku Clouds indicates a bearish trend for XRP.
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