XRP has experienced an underwhelming day as its value has been hovering around the $2.06 point all day. Additionally, most of the top crypto coins now show a small decrease in value, signaling a slightly bearish day. However, there are some new developments that could lead to an XRP price surge. As we witnessed, the first leveraged XRP ETF launched in early April with success, as it attracted many investors. Now, we can soon see the launch of the first-ever futures-based XRP ETF in the US. This bullish XRP news, however, is soured because of a controversial XRP price prediction.
Could April 30 XRP ETF Launch Spark a Major Price Surge?
ProShares, which is a known managing firm of exchange-traded funds, has selected a date for the launch of its XRP ETF. According to the reports, this XRP product will be based on the futures contracts and not the XRP token itself. ProShares is also known for creating the first futures-based Bitcoin ETF in 2021, leading to the launch of spot Bitcoin ETFs. As such, many community members are now hoping that this development will lead to the launch of spot XRP ETFs.
Based on 1, a newly updated filing by ProShares has stated the date of the XRP ETF launch on April 30. This data is filed at the earliest time the ETF is ready to be presented in the market. However, there is no clear statement that will be publicly launched on this date, as it might need a period of testing. Additionally, unforeseen problems like a market crash or security issues could cause additional delays. This development could create a significant XRP price surge; however, based on Peter Schiff’s XRP price prediction, Gold is a better investment.
Is It Time to Swap XRP for Gold and Silver Stocks?
The well-known market analyst and veteran Peter Schiff has provided a new projection for the future of digital assets. This market analyst, who is known for predicting the 2008 recession and market crash, posted a new prediction on X. In this post, he urged investors to sell all of their cryptocurrencies, regardless of whether it’s Bitcoin or altcoins. He added that investors should now go all in on stocks of gold and silver mining companies. He also stated that this is the best deal investors can make right now and that they will thank him later.
Is XRP a Smarter Bet Than Bitcoin Right Now?
Schiff’s comments were made as Gold reached a new high in the past 24 hours. Gold hit $3,291 while Bitcoin has fallen 0.02% to $84,700.69. The surge in gold value and a drop in crypto were caused by the ongoing worries about Trump’s trade war with China. This is because, in times of economic turmoil, the risk assets like stocks and crypto lose capital. However, Schiff has not been an unbiased commentator, as he has criticized pro-crypto policies multiple times. Recently, he made a parody of the US strategic Bitcoin reserve, with 0.055 BTC, to show how the value will crash.
Will XRP Price Surge When the Ripple SEC Lawsuit Ends?
This bearish projection for the crypto market comes at a time when the XRP and SEC lawsuit is nearing its end. As recent reports show, the Court of Appeals for the Second Circuit has paused the appeal process for this case. This will give the SEC members enough time to vote and approve the terms of their agreement with Ripple. The terms that have been released show Ripple’s victory as the fine is reduced to $50 million from the original $125 million. Additionally, the ban on institutional XRP sales must be lifted.
Source: Coinfomania / Digpu NewsTex