**XRP ETFs and Their Impact on Ripple: What Investors Need to Know**
ETFs have become incredibly popular among DeFi tokens in the crypto market since last year, even outpacing the trend of real-world asset tokenization. Bitcoin and Ethereum ETFs have notably influenced BTC and ETH prices, and XRP ETFs are expected to have a similar effect once approved.
October was anticipated to be the deadline for the Securities and Exchange Commission (SEC) to decide on Ripple’s ETF applications. However, as of now, there has been no official update from the SEC, causing XRP’s price to stall as investors wait for the ETF launch. Here’s a closer look at Ripple’s current outlook.
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### XRP ETFs: Analysts and Investors Show Confidence
Throughout most of the year, many Ripple holders were skeptical about the chances of XRP ETFs getting approved in 2024. Anticipation and doubt reached a peak during the summer, especially after the SEC postponed its decision to October.
While the SEC has yet to make an official announcement, BitWise made a significant update to its XRP ETF filing on October 31st. The update revealed that their XRP ETF will be listed on the New York Stock Exchange (NYSE), with a management fee of 0.34%.
This move demonstrates BitWise’s progress towards securing SEC approval. Matt Hougan, BitWise’s Chief Investment Officer, has expressed strong confidence in the prospects of the XRP ETF, estimating potential inflows of up to $8 billion within the first month of launch.
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### How XRP ETFs Could Affect Ripple’s Price
At present, Ripple is trading around $2.50, after dipping to $2.40 on October 31st amid the absence of SEC updates. A closer look at the seven-day price charts reveals a “Death Cross” pattern—a bearish technical indicator signaling potential downward momentum—highlighting the price pressure despite the optimism surrounding the ETF launch.
What remains clear is that XRP’s price needs considerable support. To that end, Ripple is assembling a billion-dollar crypto reserve intended to attract institutional traders, much like the exposure provided by ETFs.
If XRP ETFs perform as expected, the Ripple price may see a significant bullish run. In fact, Ripple might soon share the spotlight with another promising PayFi platform: Remittix.
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### Introducing Remittix: Streamlining Crypto Payments
Remittix focuses on optimizing crypto payment channels to enhance user experience. Its Web3 wallet is designed to facilitate seamless transactions.
The decentralized application (DApp) offers a crypto-fiat bridge that enables users to send crypto assets directly to any fiat account from their hot wallets—completely free of bank charges. The platform promises a secure, efficient, and user-friendly environment.
Crypto enthusiasts have already started investing in Remittix tokens, attracted by the potential for substantial gains. Currently, each RTX coin is priced at $0.1166, with the official launch scheduled for later in 2025.
Consider purchasing RTX tokens today, hold through launch, and watch your investment grow.
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**Stay Connected**
For more information and updates, visit the Remittix website and follow their social media channels.
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*Disclaimer: Cryptocurrency investments carry risk. Always perform your own research before making financial decisions.*
https://coinpedia.org/press-release/xrp-etf-launch-in-november-could-ignite-price-to-10-before-2026/
