The keying of an XRP exchange-traded fund (ETF) will legitimize the altcoin as an investment asset, so it is being awaited with bated breath.
As a result, confidence about its approval is going through the roof, with Polymarket data showing that it has hit 84%.
ETFs enable diversification at a low cost because investors are not required to purchase individual assets. An XRP ETF will open the floodgates to institutional capital, making it an ideal stepping stone in this altcoin’s ecosystem.
Meanwhile, XRP is traversing midline support at $2.17, and if bulls call the shots, all eyes will be on the $2.92 price zone.
Market analyst Titanium said, “If bullish momentum continues, the next target is $2.92. Traders should watch for resistance levels. A breakout can lead to stronger gains, making the $2.92 level a key focus. Keep an eye on support zones to manage risk effectively.”
XRP Ledger’s Tokenization Efforts Gain Recognition
Since XRP Ledger (XRPL) is the decentralized blockchain network powering XRP, its tokenization efforts have not gone unnoticed because the World Economic Forum (WEF) recently acknowledged that it is one of the most important technologies in this sector.
Since tokenization entails converting real-world assets into digital tokens, XRPL’s interoperability, trust lines, and decentralized exchange (DEX), thanks to its cost-effective, efficient, and fast infrastructure, come in handy in this undertaking.
Meanwhile, active XRP addresses have been hitting historic highs, signalling heightened user interest, trading, or adoption.
