The US SEC has undergone a significant shift in its stance toward the cryptocurrency sector following the recent regime change. The Biden-led regime was stringent when it came to accommodating new inventions in the cryptocurrency sector. The Trump-led regime, with its new inclinations and interests, however, has softened its stance towards the sector. The world is now witnessing a new era where 15 XRP ETFs are on the ground, waiting to gain steady approvals, which could eventually help XRP climb to new price highs. Will this massive change help Ripple secure a double-digit rally? Let’s find out.

Also Read: What Does It Take for Ripple (XRP) to Reach $5?

15 XRP ETFs on the Ground: What It Truly Means

SEC Postpones Bitwise ETF
Source: CryptoSlate

Bloomberg has confirmed a new XRP development. This scenario points to the explosive potential that is yet to unravel, an event strong enough to change the future price trajectory of Ripple. As per Kenny Nguyen, there are 15 XRP ETFs pending with the US SEC right now, awaiting approval. This development is capable of turning the market upside down, inviting a huge influx of capital if the US SEC ends up approving these ETFs in due time.

This event has already started to build credible hype in the domain. Various cryptocurrency experts and analysts have started to roll out new predictions, adding how this might be the biggest game-changer for the entire market to witness and be a part of. The founder of Easy A, Dom Kwok, shared how approvals of XRP ETFs could see inflows exceeding all other ETF metrics.

JP Morgan, the leading financial entity, is anticipating $4B to $8B inflows in SOL and XRP ETFs, leading the charge once approved in the broader market spectrum.

“SOL & XRP ETPs Could Attract $3-8bn Each:JPM ETP assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn) after the ETPs’ first year of trading; likewise, ether ETP assets ($12bn) have a 3% penetration rate of the total Ethereum market cap ($395bn) within the first 6 months since launch. When applying these so-called “adoption rates” to SOL and XRP, we see SOL attracting roughly $3-6bn of new net assets and XRP gathering $4-8bn in net new assets.”

$10 Rally On Cards?

Once these ETFs start to gain steady momentum and traction, the price of XRP is bound to score new levels. Analysts are anticipating a double-digit rally, with XRP hitting double digits in no time, as per notable analyst Dark Defender.

“We targeted a 23 trillion USD crypto market cap. Franklin Templeton has filed the #17th $XRP ETF, which alone has $1.53 trillion USD under their asset management. Just imagine when all are approved. Double digits for XRP will be as easy as pie.”

The analyst also noted how XRP is targeting $18 and $23 price levels amid such notable developments and hype.

Also Read: Stablecoin Market Hits All-Time High: Will Ripple’s RLUSD Shine?

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