2 Bullish Signals for XRP

Core Insights - XRP has experienced a significant decline of over 25% from its 52-week high of $3.65, currently trading at approximately $2.68, but there are two bullish signals that could positively impact its price in the coming months [1] Group 1: New Spot XRP ETFs - Six investment firms have submitted applications for new spot XRP ETFs to the Securities and Exchange Commission, with a final decision expected in October, although this timeline is uncertain due to the federal government shutdown [3][4] - The launch of these ETFs is anticipated to unlock substantial institutional investment, with initial estimates suggesting up to $8 billion could flow into XRP, although this figure may be overly optimistic [5][6] - Since the beginning of the year, nearly $2 billion has already been invested in XRP, with $75 million entering in a single week as of October 20 [6] Group 2: New XRP Treasury Companies - The emergence of new XRP treasury companies, which are focused on buying and holding XRP, could further drive demand; VivoPower International has launched as the first publicly traded XRP treasury company [7][8] - Other publicly traded companies have also expressed intentions to accumulate XRP, although these companies are relatively small and may not significantly impact XRP's overall market price [9]