The U.S. Securities and Exchange Commission (SEC) is reviewing the REX-Osprey XRP ETF application, which is generating significant interest among investors and analysts.
Anticipation of SEC's Decision on XRP ETF
The SEC's decision on the REX-Osprey ETF application is expected on July 25. A successful approval could mark a significant step in crypto regulation, providing legal clarity beyond the Ripple vs. SEC lawsuit outcomes.
Current State of XRP in the Market
Despite price corrections, XRP's open interest in derivatives remains high. XRP reached a record of $3.65 over 7 years, but subsequent profit-taking led to price declines. Data indicates continued demand for XRP, with multiple issuers filing for ETFs.
Price Forecasts for XRP
Analysts predict XRP could reach targets of $6 and possibly $15 this year. However, investors should exercise caution amid recent market volatility.
The impending decision of the SEC on the REX-Osprey XRP ETF draws attention to the XRP market and could significantly impact its future. Investors should closely monitor price changes and demand.
