Community analysis emphasizes “trillions in idle capital will now move through the XRP Ledger.”
Nasdaq received the CoinShares XRP ETF filing ahead of the October 18 decision. Garlinghouse expressed optimism about “potential for XRP ETFs to launch this year.”
Speaking with Cryptonews, Ray Youssef, CEO of NoOnes, observes that “high-beta altcoins like Ethereum leading market recovery bounces,” with “ETH, BNB, XRP, and DOGE [usually] posting double-digit gains” following the recent deleveraging event.
Additionally, African expansion also accelerates through Absa Bank’s partnership in South Africa and crypto custody solutions for leading banks.
Ripple is also progressing toward obtaining an operational license in Luxembourg while strengthening XRP Ledger’s DeFi expansion.
Community debates Ripple’s cash deployment with analysts noting “companies they’re buying should benefit XRP in the long run when partners decide to use it.”
The community remains divided between acquisition optimism, with some emphasizing “ETFs around the corner, regulatory clarity, institutions coming into market,” and technical analysts warning, “XRP crashes 15% in just 24 hours.”
