September was a quiet month for Ripple, but October is expected to be a key period when analysts predict significant price growth for XRP and the potential birth of new millionaires.
Predictions for XRP and Upcoming Events
Analysts following XRP are confident that important events may occur in October that could impact the price. Kenny Nguyen, a well-known commentator, stated that "many XRP millionaires will be born in October" if spot ETFs receive approval. This view is echoed by another XRP expert, CryptoBull, who noted that "fireworks" are expected in October in connection with the U.S. Securities and Exchange Commission's decision.
The Role of Spot ETFs for XRP's Future
In October, several issuers, including Grayscale and Franklin Templeton, await approval for their spot ETF applications. Grayscale, in particular, aims to convert its $500 million XRP Trust into a spot ETF by October 18. Analysts forecast that combined inflows could reach up to $8 billion in the first year following approval.
XRP Price Levels and Opportunities for Investors
Price forecasts for XRP vary, but many experts believe that the situation could dramatically change in October. Some anticipate XRP could rise to $10 by the end of the year, potentially making substantial token holders millionaires. Data shows that only a small fraction of investors is positioned to become millionaires should XRP reach a price of $10.
Expectations for XRP in October are generating significant interest among investors, and if the anticipated events materialize, it could lead to substantial price growth and the creation of new millionaires.
