Hello Friends,
Ripple is one of the old projects in the crypto market and there have been a lot of controversies about this in the past. The project has gone through scrutiny by the US authorities but is still it has come out of it and is still doing much better in the market. It is proof that the project is strong by fundamentals and also by the market cap. Ideally, after all these, it is difficult for the projects to survive but Ripple has done it and looks like the upcoming wool cycle can be a game changer for this project. XRP is the coin name for this and it is still one of the top 10 coins in the market cap.
We can see some updates going on in the market about Ripple. Looks like the ripple is trying to play the political game as the US elections are next month. Although this has not been confirmed officially however looks like XRP is going to have its ETF as we do for Bitcoin and Ethereum. Undoubtedly exchange-traded funds are one of the best ways to have institutional investing and also to bring retail investors to the same place. If it happens then probably the xrp price is going to skyrocket but let's see how things unfold in future. Possibly the ripple is trying to make the game easy for them in this situation and they are betting on Kamala Harris.
The Ripple CEO, Brad Garlinghouse, was seen praising Kamala Harris for her approach to digital assets. This is an event that is considered a smart move by the Ripple CEO in the current situation when the US has got 2 candidates and both are showing that they are crypto pro. In this scenario, it is good if Kamla Harris wins or even if Donald Trump wins because both are trying to show the world that they are true for Crypto. It also looks like Ripple will benefit if Kamala Harris wins however it is not assured but the current scenarios are favouring the crypto projects and it is a good move.
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