The cryptocurrency fundraiser pointed to another bull catalyst for XRP when he stated that spot Ripple exchange-traded fund (ETF) applications will not be approved this year.
After spot Bitcoin ETFs were approved by the USA, all eyes turned to spot Ripple ETFs. The person who made a remarkable statement on the subject XRPcryptowolf He became a social media phenomenon known as.
XRPcryptowolf dated January 29 in the postspot Ripplet ETF approval 2024 year in you won’t come while confidently stating that too early He emphasized that it was. Even Bitcoin needs to get spot ETF approval He went through a difficult process that lasted for years. Reminding us, the experienced name stated that the catalyst that will start the XRP bull will be something else:
The XRP spot ETF will not be launched this year because it is too early for that. It took many years for Bitcoin to achieve this. The catalyst for the XRP bull run will be something else.
Two cryptocurrencies that stand out especially after the spot Bitcoin ETF approval Ethereum (ETH) and Ripple had happened. Even some market analysts say that Ripple Before Ethereum He suggested that he could get spot ETF approval.
But behind all these expectations, Ripple still has US Securities and Exchange Commission (SEC) It has a critical ongoing lawsuit with , and a spot ETF approval is not on the horizon, at least until this case is concluded.
According to CoinGecko data, in the last 24 hours 1.4% increase XRP exhibiting at the time of writing from $0.53 is being traded.