“Load before October,” says Top Investor on Ripple (XRP)

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Leader altcoin Undulation (XRP) It has moved higher today, rising approximately 6% after a period of weakness that saw it lag along with other cryptocurrencies. Much of that weakness occurred from inflation data and warnings of the main American retailers that price pressures could be intensified in the coming months. Specifically in the case of XRP, the recoil can also be attributed to the Bag and Securities Commission (SEC) postponing its decision on whether the Token will be allowed in the next ETF.

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While these factors weighed in the feeling before, the impulse has been built in parallel within the derivative markets. XRP futures open interest in the CME recently exceeded the $ 1 billion brand, the fastest increase to that threshold in the history of the exchange, achieved in just over three months. The milestone reflects the increase in institutional participation, and with the widest complex of CME cryptocurrencies also exceeding $ 30 billion in open interest, it points to a market that is gaining depth and maturity.

So now is the time to buy XRP? Despite persistent uncertainty, the main investor Keith Noonan believes that current conditions can offer a timely entry point, pointing out that there is “a significant catalyst on the horizon that suggests that it could now be a good time to invest in cryptocurrency.”

In a recent update, the SEC announced that it has delayed decisions on two ETFs focused on XRP that were initially expected to be taken this month. The decision about the Grayscale XRP Trust is now scheduled for October 18, while the decision about the 21Shares Core XRP Trust is scheduled for October 19.

Although the postponement has promoted uncertainty about whether XRP will ultimately include the funds that are quoted in the stock market, the 5 -star investor believes that there are strong reasons to believe that approval is still likely.

On the one hand, the current president of the SEC, Paul Atkins, has supported the cryptographic sector and has pressed the fallen regulation, a position that represents a clear change of his predecessor, known enemy crypto Gary Gensler enemy. Combined with the executive orders of the Trump Administration that encourages the broader adoption of digital assets and other signals of recent policies, these developments suggest that the SEC could be preparing for the inclusion of Greenlight XRP in the ETFs, and that is why Noon believes that buying XRP before the October blows could be an “intelligent movement.”

“While the highest inflation than expected and a slower path towards the cuts of interest rates could introduce bearish pressures for tokens, politicians and regulatory catalysts suggest paths for more profits this year,” said Noonan. (To see Noonan's history, click here)

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Discharge of responsibility: The opinions expressed in this article are only those of the outstanding investor. The content is intended to be used only for informative purposes. It is very important to make your own analysis before making any investment.

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