At the Ripple Swell conference, speculation is rising around a possible ETF for the XRP token. The involvement of major players such as BlackRock and Nasdaq heightens interest in this topic.
Key Figures Participate in Ripple Swell
This year, Ripple Swell features notable figures from finance and cryptocurrency, including Maxwell Stein from BlackRock and Adena Friedman from Nasdaq. The event also includes participants like Sandy Kaul from Franklin Templeton and Ripple CEO Brad Garlinghouse. However, the involvement of representatives from BlackRock and Nasdaq draws the most attention.
Intensifying ETF Speculation
According to market analyst Scott Melker, Nasdaq's role in hosting BlackRock's Bitcoin and Ethereum ETFs adds significance to Friedman's presence at Swell. Previously, BlackRock stated it had no immediate plans to expand beyond Bitcoin and Ethereum ETFs, but Nate Geraci, president of the ETF Institute, claims XRP could be the next candidate as it is regulated and its demand is increasing.
XRP Price Prospects for 2025
XRP has shown a strong rebound of 18% since its September low of $2.69, briefly trading at $3.18. XRP is currently attempting to break through the central resistance level of $3.30. Market analysts believe a weekly close above this level could lead to a push towards $3.60. Analyst Ali Martinez suggests such a breakout may pave the way for new all-time highs in 2025.
The convergence of influential speakers at Ripple Swell and the surrounding ETF speculation creates optimistic sentiments regarding XRP's future. The current situation in the cryptocurrency market may play a crucial role in achieving new token records.
