For those unfamiliar, Ripple was launched in 2012 with the ambition of disrupting (a friendly way to say “replacing”) SWIFT by offering a quicker, lower-cost alternative for international money transfers and currency exchanges. The ETF industry already has its eyes on this digital asset, with paperwork well underway at the SEC.

Probability of executing on their ambition aside, the additional demand an ETF could bring to what I consider the 4th or 5th most recognizable asset in the crypto space shouldn’t be overlooked.

Over the weekend, XRP successfully defended $1.35, the ceiling for bear-market rallies during the 2022 bear market. If XRP can consolidate in the $1.40 range, I see no reason why positive crypto headlines couldn’t push it to establish a new base at a higher price, perhaps with a 2-handle.

What do you think? Are you buying this, even if just for a trade?