Recent changes in the ETF approval process for XRP have sparked discussions about price predictions for the token. Leading asset managers have submitted updated filings that may influence market expectations.
Context of New ETF Filings
Last week, several major asset managers, including Grayscale and Bitwise, submitted updated ETF applications providing access to XRP. These documents confirm an ongoing dialogue with the SEC and indicate that firms are adapting to regulator feedback.
Analysis of Current XRP Price
Currently, XRP is hovering around 3.02, following a recent rebound from the 2.90 level. The current volatility signals a potential sharp change, as the price range tightens, and traders are awaiting clearer signals from the SEC.
Short-term Scenarios
Short-term forecasts emphasize that XRP's price may either break above 3.34, indicating further upward momentum, or return to the 2.85 level, which would negatively impact market sentiment.
The new ETF filings for XRP create a positive sentiment in the market, and the current price movements indicate potential significant changes in the coming days. The regulatory tension remains a critical factor for traders.
