Ripple (XRP) has always attracted credible attention within the crypto market circle. The token has been through excruciating legal trials to prove its mettle and has come out stronger than ever. With the Canary spot ETF going live earlier, the momentum towards XRP is now stronger than ever. With multiple XRP ETFs in line for gaining approval from the US SEC, one analyst believes the XRP price could very well skyrocket to $4 if all goes well.
Also Read: $10 Billion Floods Into Ripple (XRP): Ready For $3 Next?
Mike Novogratz’s View On XRP
The Canary XRP Spot ETF launched successfully, outperforming BSOL ETF debut-day valuations. XRP has long been at the center of the cryptocurrency market. In a recent interview with CoinDesk media, Galaxy’s CEO, Mike Novogratz, shared how XRP has truly managed to turn tokens into money.
“How do you turn something from being a token into money? It’s really, really complicated and difficult. So far, we’ve had a few that have done it. XRP has done it, and that surprised everybody, right? Because—did it surprise you? It did, and listen, we’re a big owner of XRP, the company, but the token, because I had all the same reasons as everyone else, but it was less decentralized, and it was not a true blockchain. All the criticisms at XRP missed something important. They built a fierce community of people who believed in their narrative and turned it into money. And for them, it’s money.” The outlet shared
The $4 Narrative
According to Cobb, a leading cryptocurrency expert, with more than 15 XRP ETFs scheduled for approval from the US SEC, November could turn out to be a bullish month for XRP enthusiasts to witness and be part of.
“Tell me how XRP price isn’t teleporting to $4.00 in November.”
Also Read: XRP’s Setup Suggests $2.3 Comes First, Then a Monster Rally To $8
