Ripple (XRP) Holders Await XRP ETF as Intel Markets (INTL) Takes Center Stage

Market analysts and investors have been waiting for XRP ETF, as Ripple sails through rapid ascents. Ripple has been struggling for some time due to its

As analysts await the XRP ETF, investors from Ripple shift to the emerging AI project called Intel Markets. On-chain data shows a shift of $440k to INTL.

Market analysts and investors have been waiting for XRP ETF, as Ripple sails through rapid ascents. Ripple has been struggling for some time due to its continued battle with the SEC. As the investors await XRP ETF, on-chain data shows a huge influx of $440,000 into an emerging trading platform, Intel Markets. Experts claim that the platform can provide humongous gains in the coming bull run.

Ripple holders await XRP ETF as Ripple continues its ascent

Ripple traders are still regarding the XRP ETF approval as inevitable, analysts noted, as the token has jumped 7% over the last 24 hours and nearly 23% in the past seven days.

The Ripple token has been trading with a clear uptrend ever since Republican candidate Donald Trump won the United States presidential election. One thing that has been holding the Ripple price back for years is the ongoing legal dispute between XRP and the United States Securities and Exchange Commission (SEC).

Ripple proponents rejoiced when a judge issued a summary judgment concluding that the company’s sales of XRP to retail investors on digital asset platforms did not violate U.S. securities laws. Still, this was soon favored by the regulator, filing an appeal.

“The market is putting all its chips on the table for an XRP ETF approval and a less hostile SEC,” Pav Hundal, lead analyst at Australian crypto exchange Swyftx, told Decrypt.

“I predict that we will see Ripple climb as high as $0.86 before the end of the year,” Ryan Lee, chief analyst at Bitget Research, told Decrypt, adding that President-elect Donald Trump said he would “fire Gary Gensler on day one,” referring to the chairman who led the regulator on its crypto crusade.

Trump can’t fire Gensler, but analysts are now hypothesizing he will voluntarily leave his post in the next six months. Whoever would take Gensler’s place and be chosen by the very crypto-friendly Trump is likely to be less inclined to pursue Ripple. Thus, XRP ETF and a massive ascent for Ripple seem inevitable.