Tuesday, July 29, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Can Grayscale XRP Trust Fund Launch Help Ripple Breach $0.65 Soon?

Simon Osuji by Simon Osuji
September 13, 2024
in Business
0
Can Grayscale XRP Trust Fund Launch Help Ripple Breach $0.65 Soon?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

XRP is one of the most promising crypto coins in the current crypto space. Ripple again made headlines after the announcement that Grayscale was launching its XRP trust. The development has bolstered Ripple’s presence and is helping it trend over other notable cryptocurrencies.

Also Read: Ethereum: Vitalik Buterin Urges L2 Networks to Decentralize More

Ripple’s CEO Reacts To Grayscale XRP Trust Fund

Grayscale, the financial giant, has recently launched its own XRP Fund. The fund will reportedly offer investors direct access to XRP, paving the way for a potential XRP ETF. The development has helped XRP spike to new highs. The token is currently up 6%, trading at $0.57 in the last 24 hours.

Brad Garlinghouse, CEO of Ripple, also responded to the recent Grayscale development. He took to X to express his enthusiasm, adding that he was pleasantly surprised when he heard the news of the trust fund launch.

The Ripple chief later said that the development of XRP to this level was “inevitable” and that XRP will soon continue to forge new milestones.

“Was (pleasantly) surprised to see this news… though inevitable, as well?! As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow.”

Was (pleasantly) surprised to see this news…though inevitable, as well?!

As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow. https://t.co/tIqZMZeuNW

— Brad Garlinghouse (@bgarlinghouse) September 12, 2024

Also Read: Oil Prices: Is Petroyuan The New Petrodollar?

The Token’s Price Prediction For This Weekend

According to CoinCodex, Ripple may spike to new levels this weekend. The platform predicts that the token may spike 7% to hit $0.60 by September 15, 2024.

Image: CoinCodex

At the same time, the CC predicts that XRP may surge 19% to claim the $0.67 price mark by the end of September 2024.

Image: CoinCodex

“According to our current XRP price prediction, the price of XRP is predicted to rise by 19.98% and reach $0.674835 by October 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 32 (fear). XRP recorded 15/30 (50%) green days with 4.31% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”

Also Read: Cryptocurrency: Top 3 Coins Under $10 For Explosive Returns This Q4

Related posts

Kirsan Ilyumzhinov on Chess, Cosmos, and Consciousness

Kirsan Ilyumzhinov on Chess, Cosmos, and Consciousness

July 29, 2025
PayPal XRP Adoption Triggers SEC ETF Buzz

PayPal XRP Adoption Triggers SEC ETF Buzz

July 29, 2025

Source link

Previous Post

US Releases $1.3 Billion in Military Aid to Egypt

Next Post

SSEN awards contracts for Orkney-Caithness Link subsea cable

Next Post
SSEN awards contracts for Orkney-Caithness Link subsea cable

SSEN awards contracts for Orkney-Caithness Link subsea cable

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Abia: Centre engages PWDs on disability-inclusive climate change policy review – EnviroNews

Abia: Centre engages PWDs on disability-inclusive climate change policy review – EnviroNews

4 months ago
Ripple XRP Predicted to Reach $1 in April: Here’s Why

Ripple XRP Predicted to Reach $1 in April: Here’s Why

1 year ago
Are Banks Closed on Juneteenth?

Are Banks Closed on Juneteenth?

2 years ago
THE FINAL REPORT OF THE UN SECRETARY-GENERAL ON THE “PROMOTION OF INCLUSIVE AND EFFECTIVE INTERNATIONAL TAX COOPERATION AT THE UNITED NATIONS”

THE FINAL REPORT OF THE UN SECRETARY-GENERAL ON THE “PROMOTION OF INCLUSIVE AND EFFECTIVE INTERNATIONAL TAX COOPERATION AT THE UNITED NATIONS”

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.