$XRP is going absolutely nuts too

That seems to be another shoe-in for an ETF as well. ETFs are good for price action and I think an asset like XRP is far from fully discovering what its actual price truly is because its creators spent so much time dumping on top of their investors for so long.

Additional Points

1. There’s no effective ETF for XRP yet or an options market for said ETF, so shorting it is difficult for institutional investors.

2. NO REDEMPTIONS on the Grayscale XRP basket and its trading at a DISCOUNT to the NAV. That’s honey to a bee hive for investors. Why? If you’re anticipating the ETF to be passed (which it probably will), then that creates a vehicle to convert the shares into tokens or their equivalent in an ETF so they can be cashed out for equivalent share value (we’ll get more into this in a second).

All of this = feedback loop on $XRP