XRP Spot ETF

In mid-2024, the Chicago Board Options Exchange (Cboe BZX Exchange) officially submitted a proposal for a spot XRP ETF from WisdomTree to the SEC. This fund will track the CME CF Ripple-Dollar Reference Rate (jointly provided by the CME and Crypto Facilities) and accurately reflect the spot price of XRP. Although this is only the initiation of the acceptance process, with a maximum waiting period of 240 days until formal approval, this move still holds significant indicative meaning:

• The SEC’s attitude shows signs of loosening: Following the legal compliance of Bitcoin and Ethereum spot ETFs, if XRP’s ETF can be successfully launched, it signifies that regulatory bodies are moving towards recognizing more diversified assets.
• Lowering the entry barrier for retail investors: The ETF format allows traditional investors to purchase XRP exposure through brokerage accounts without the need to manage private keys or learn wallet operations, further promoting mainstream adoption.
• Reconstructing the market narrative for XRP: After years of litigation with the SEC, XRP is now transforming from a litigation token into a compliance pioneer, with the narrative level directly flipped.

Once the ETF is approved, it will undoubtedly trigger a massive influx of funds, which will be a powerful catalyst for the price of XRP.

On-chain application expansion

If ETFs are the bridge for capital entry, then actual application is the foundation that truly builds value. The most关注的 application case recently is undoubtedly the Prypco Mint real estate tokenization platform led by the Dubai government. This platform is jointly created by the Dubai Land Department (DLD) and fintech company Prypco, with the core technology being the XRP Ledger (XRPL):

• Property certificates on the chain: Recording ownership through XRPL, achieving transparency and verifiability.
• Official endorsements from multiple parties: including the Dubai Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Future Foundation (DFF).
• Zand Digital Bank participates in the trial phase: providing digital banking services for real estate transactions, ensuring smooth integration between on-chain and off-chain.

(Source: prypco)

This not only proves the feasibility of the XRP Ledger, but also signifies that XRP is no longer just a token for financial transfers, but has the capability to serve as the underlying infrastructure for large government and industry-level applications.

Macroeconomic market factors

In addition to ETFs and applications, the price of XRP is still influenced by the overall market atmosphere, particularly the following points:

• U.S. Interest Rate Policy: If the Federal Reserve begins to enter a rate-cutting cycle, market risk appetite will rise, which will benefit crypto assets.
• Stablecoin regulatory progress: If XRP can be included as an option for cross-border clearing and settlement, it is expected to expand the ecosystem in collaboration with USDT/USDC.
• Changes in the competitive landscape of Layer 1 ecosystems: Under the positioning of low fees and high efficiency, XRP Ledger is forming differentiated competition with L1 chains such as Solana and Avalanche.

The growth of cryptocurrency adoption in the Asia region: Regional governments such as Dubai and Singapore are actively embracing cryptocurrency, and the acceptance of XRP continues to rise, helping to expand the global market base.

XRP price prediction

Through AI model data calculations, referencing past XRP prices and related information, predictions for future prices are made, intended only for data sharing and not as investment advice. Refer to the following chart:

XRP price prediction trend

XRP Price Prediction and Confidence Interval

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Summary

XRP is standing at a historical turning point, as the ETF review process begins, traditional finance is about to open new doors; the official real estate in Dubai is being put on the blockchain, demonstrating the technical strength of XRPL, as well as the changes in the macro environment and regulatory trends, which are expected to bring XRP back to the mainstream stage. For long-term investors focusing on XRP, now may be the time to reassess positions and pay attention to macro dynamics and narrative opportunities; this story of compliance and innovation is just beginning.