XRP news today: Token slides as ETF catalysts remain waiting; BTC EYES $ 110K

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What does delay for merchants mean?

The continuous delay to the ETF releases linked to XRP puts the institutional demand on the ice, leaving the token in the limbo. In contrast, Sol has benefited from institutional demand. Sol rose to a maximum of six months of $ 218.01 on August 29, underlining the importance of a spot ETF market.

The lack of price catalysts could leave XRP under pressure. However, the cryptographic community hopes that the SC approves the XRP ETF pending pending for its October deadlines. The approvals could start a rebound.

Nate Geraci, president of Novadius Wealth Management, commented:

“You listened to it first … people severely underestimate the demand for investors for spot XRP and Sol ETF. As they did with ETF spot BTC and ETH.”

Added:

“You see … I’ve been here before. And I have the receipts.”

Geraci shared two receipts. In particular, in a July 2023 position, he declared:

“I will go in the registry … think about the launch of Spot Bitcoin ETF breaks the previous ETF registration launch. It will not even be close.”

XRP Price Perspectives: Bulls and Bears scenarios

Can XRP attract buyers before an ETF Spot XRP approval? XRP decreased 0.59% on Monday, September 1, after the loss of 1.52% on Sunday, closing to $ 2,7598. The Token had a lower performance to the broader market, which fell 0.02% to a total cryptographic market capitalization of $ 3.71 billion.

In the short term, XRP prices perspectives depend on several key catalysts, which include:

  • ETF holders of the XRP point.
  • XRP Adoption of Assets of the Treasury Reserve.
  • Request for a bank license with charge of Ripple.
  • Quick -related updates.
  • Holders of the market structure invoice.

Potential scenarios:

  • Whiter scenario: Legislative Roadmocks, demand for reservation assets of the weak treasure of Blue Chips companies, OCS declines the Ripple application for a bank license with charge of the United States, legislators protect Swift or the SEC disapprove of the ETFs of the XRP point. These factors can push XRP to $ 2.5.
  • Alcista scenario: SPOT XRP ETF Approves, OCP approves the banking license with charge of the United States, the increase in the demand for assets of the XRP Treasury Reserve of Blue Chips, the bipartisan support for the Clarity Law or Swift loses the participation of the global remittance business to Ripple. These factors could send XRP above their record of $ 3,6606 (Binance).

October is still fundamental, probably dictating whether XRP explodes or falls. Meanwhile, cryptographic legislation, global macroeconomic developments and Bitcoin’s price action will continue to influence the feeling of investors.