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In the event that the high court aligns its ruling with the district court, there’s a possibility of a significant surge in Ripple’s XRP token price, surpassing its previous all-time high of $3.40 from January 2018. This potential rise could be attributed to a favorable verdict and may also attract increased institutional investment.

 

Another noteworthy development is the speculation surrounding a potential spot XRP ETF (Exchange Traded Fund). Following the approval of eleven spot Bitcoin (BTC) ETFs by the US Securities and Exchange Commission (SEC) on January 10, the door has opened for a similar ETF for Ripple’s XRP. Valkyrie’s Chief Investment Officer, Steve McClurg, has expressed the possibility of seeing Ripple or Ethereum spot ETFs in the market.

 

 

The introduction of a spot XRP ETF has the potential to attract institutional funding, and crypto analyst EGRAG CRYPTO has even predicted a surge in XRP’s value to $11. Drawing parallels to its 2017 rally, the analyst envisions a significant price increase for XRP in the foreseeable future.

 

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