XRP's price could surge to $15–$20 as several firms, including Canary Capital, Franklin Templeton, and Bitwise, prepare to launch spot XRP ETFs in November. Market commentator the5blairs suggests that these ETFs could drive significant price increases, although XRP may trade sideways until the U.S. Market Structure Bill is finalized.
The Market Structure Bill aims to clarify the regulatory roles of the SEC and CFTC, with recent developments including a new draft from the Senate Agriculture Committee. The5blairs also highlighted that if XRP ETFs attract $5–10 billion in inflows, the price could rise significantly. Additionally, the unwinding of the Reverse Carry Trade and increased institutional adoption could further boost XRP's valuation.
XRP ETFs and Market Structure Bill Could Propel XRP to $20
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