• A spot XRP ETF could appear in the next few months.
• XRP was overbought but shorts risk liquidation still.

Like many altcoins, the price of Ripple [XRP] went in the upward direction after the SEC approved the spot Bitcoin [BTC] ETFs. On the 11th of January XRP crossed $0.60. This was the first time XRP surpassed the zone since the 3rd of January.

However, AMBCrypto found out that XRP’s run seemed to be much more than the influence of other altcoins. This was because of the information Eleanor Terrett shared on the 9th of January.

According to Terrett, who is a journalist at FoxBusiness, an XRP spot ETF could be live in a few months.

She based her premise on the notion that XRP, alongside, its underlying firm Ripple, has been getting regulatory clarity in the U.S.

Based on my conversations with industry around this today, there’s definitely differing views on whether or not the @SECGov would approve a single-product $XRP spot ETF.

Bulls argue that XRP is the only digital asset that has received any kind of “regulatory clarity” from the… https://t.co/DcQTuNaKiZ

— Eleanor Terrett (@EleanorTerrett) January 9, 2024

Longs pay shorts to keep the tab open

Should this happen, XRP might get the same bullish sentiment Bitcoin has enjoyed of late. Regardless of the outcome of the Go to Source to See Full Article
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