ETF approval may mean $5, but what if the SEC denies the applications? – Blockchain news, opinion, TV and jobs

Ripple has faced many hurdles since the 2021 bull cycle, and with a new hurdle emerging, experts are predicting what could happen to this asset. One key driver that may contribute to its potential growth is the XRP ETF (exchange-traded fund), which would enable institutions to take an interest.

XRP ETF approval could see the coin surge beyond the elusive $5 mark. This move could foster further adoption and increase the number of owners in the Ripple ecosystem. However, many are wondering: What if the SEC denies these requests? This could cause the price of XRP to fall.

As uncertainty increases, traders are taking advantage of this pivotal investment, DTX Exchangewhich could be a smooth ride to the top. Known for its hybrid compatibility and smooth trading experience, DTX gives users the ability to navigate all types of markets with confidence.

Let’s discuss the opportunities this new player presents to those waiting for the next big thing.

Ripple at the crossroads with the SEC: Will the ETF be approved?

The “Trump effect” has positively affected major currencies in the market, including Ripple. The project’s CEO, Brad Garlinghouse, is bullish on the digital assets scene in the US, citing optimism about the president being re-elected to office.

Garlinghouse’s confidence reflects growing expectations that the SEC may withdraw its appeal in Ripple’s legal case, which could pave the way for an XRP ETF — a game-changing development for the market.

However, uncertainty remains. The SEC’s Jan. 15 deadline for filing an appeal brief is looming. The brief could prolong regulatory hurdles, keeping the price of XRP at around $2.30, while a pullback could push it beyond its 2018 high of $3.55.

A suitable solution could validate Ripple’s vision and unlock institutional investments through ETFs, pushing XRP towards $5. However, with XRP trading sideways amid widespread market declines, all eyes are on the SEC’s next move.

DTX Exchange: Redefining the Future of Trading

As Ripple competes with the SEC for ETF approval, DTX Exchange It stands out as a pioneer company that seamlessly bridges the gap between traditional and decentralized finance. Unlike speculative projects, DTX Exchange focuses on utility and innovation, and has earned its reputation as a dominant force in the DeFi space.

Notably, DTX raised $11.5 million in pre-sale funding. In the seventh pre-sale round, the price of the token increased by 600% to $0.14. This project is powered by its own VulcanX blockchain, which combines traditional assets such as stocks, ETFs and forex with cryptocurrency trading.

Furthermore, its advanced trading infrastructure includes tools such as 1000x leverage, real-time analytics, and automated strategies. Interestingly, hundreds of thousands of traders have already signed up, attracted by the platform’s easy-to-use interface and risk management capabilities. With access to over 120,000 digital assets, DTX is a one-stop-shop for global traders.

For those looking to harness the power of DeFi while accessing traditional markets, DTX Exchange is the platform of choice. No one should miss their chance to join this revolutionary platform as soon as possible.

It looks like DTX Exchange is ready to move beyond XRP this new year

XRP’s journey remains at a crossroads. ETF approval could serve as a stepping stone, pushing its price towards $5 and cementing its position as a leader in the cryptocurrency space. However, the looming SEC decision is causing volatility, which could see XRP fall below $2 if the appeal continues.

However, for those looking for stability and opportunities regardless of market fluctuations, DTX Exchange offers the perfect solution. With access to over 120,000 assets, advanced trading tools, and the innovative VulcanX blockchain, DTX empowers traders to succeed in any scenario. XRP investors are actively thinking about what the ultimate hybrid trading platform will be.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Pre-sale purchase

Visit the DTX website

Join the DTX community