Recent developments within the XRP ecosystem may serve as pivotal catalysts for the digital asset's growth. Key among these are the approval of the XLS-66d amendment and the potential launch of an XRP-focused exchange-traded fund (ETF).
XLS-66d Update: New Features for XRPL
The XLS-66d amendment enables decentralized lending on the XRP Ledger (XRPL), seen as a vital upgrade. Decentralized lending allows users to engage in financial transactions without intermediaries, adding a new layer of functionality to XRPL. "Institutions are about to flood the XRPL with loan activities," noted WallStreetBulls, highlighting the potential to attract institutional players.
Opportunities from XRP ETFs
Speculation regarding XRP ETF approvals fuels bullish sentiment. If approved, such an ETF could streamline access to XRP for traditional investors, likely boosting demand. Many in the financial sector have applied for such funds, and Ripple CEO Brad Garlinghouse believes its approval is inevitable and may aid XRP's growth.
Role of RLUSD in Promoting XRP
Another significant factor is RLUSD, Ripple's upcoming stablecoin, which is expected to enhance adoption of Ripple's technology and bolster XRPL, subsequently increasing XRP's value in financial markets.
Collectively, the XLS-66d amendment, potential ETF, and RLUSD integration offer promising developments for the XRP ecosystem. These advances make XRP an attractive option for retail and institutional investors seeking innovative blockchain solutions.
