Ripple (XRP) has always attracted reliable attention in the cryptocurrency market world. The token has gone through an excruciating legal trial to prove its mettle and is now more powerful than ever. With the early launch of the Canary Spot ETF, momentum for XRP is stronger than ever. Multiple XRP ETFs are set to receive approval from the US SEC, and one analyst believes it is very likely that the XRP price could soar to $4 if all goes well.
Mike Novogratz’s thoughts on XRP
The Canary XRP Spot ETF launched successfully, surpassing the debut day valuation of the BSOL ETF. XRP has been at the center of the cryptocurrency market for a long time. In a recent interview with CoinDesk Media, Galaxy CEO Mike Novogratz talked about how XRP could actually turn tokens into money.
“How do you turn something from a token into money? It’s really, really complicated and difficult. There are some examples of people who have done it before. XRP did it, and it surprised everyone, right? That’s surprising, and listen, we’re big owners of XRP, the company, because I had the same reason as everyone else, it wasn’t decentralized and it wasn’t a true blockchain. XRP missed the point: They built a fierce community of people who believed in their story and turned it into money.” outlet sharing
4 dollar story
With more than 15 XRP ETFs expected to be approved by the US SEC, November could be a bullish month for XRP enthusiasts to witness and participate in, according to cryptocurrency guru Cobb.
“Please tell me why XRP price doesn’t jump to $4.00 in November.”
