🚀 Canada Greenlights First Spot XRP ETF – Is $1,000 XRP Now Inevitable?

Breaking the crypto ice: Canada just became the first major economy to approve a spot XRP ETF. Cue the speculation—could this be the catalyst that sends Ripple’s token to $1,000?

The ETF effect: More than just institutional glitter?

With Wall Street still twiddling its thumbs on crypto ETFs, Canada’s move throws gasoline on XRP’s liquidity fire. Suddenly, pension funds and boomers can ‘safely’ gamble with digital securities. How very polite of them.

$1,000 XRP: Math or madness?

Sure, the number sounds absurd—until you remember crypto’s habit of turning memes into market caps. XRP would need a $100 trillion valuation to hit that target. Then again, we live in a world where dog coins flip blue-chips. Stranger things have happened.

The regulatory tightrope

While Canada rolls out the red carpet, the SEC still treats XRP like contraband. Nothing says ‘financial innovation’ like two G7 countries having wildly opposite legal stances. Classic regulatory arbitrage—bankers must be jealous.

One thing’s certain: The crypto casino just got a new high-stakes table. Place your bets—responsibly, or not.

In addition, the Evolve XRP ETF (XRP) will apparently start trading on June 18 as well. Both vehicles will offer exposure to the native asset of the Ripple network in both Canadian dollars and United States dollars.

This is a landmark moment for the asset management industry in this region as crypto ETFs are considered the next step to accelerate the adoption of digital assets by institutional investors and retail investors alike.

The approval of an XRP ETF in Canada is a positive step that increases the odds of an upcoming nod from the U.S. Securities and Exchange Commission (SEC) to similar products whose applications have already been submitted.

This favors a bullish XRP price prediction as additional liquidity will flow to the token as more of these investment vehicles are launched.

XRP Price Prediction: XRP Could Hit $2.08 Before Its Next Leg Up

Looking at the 4-hour chart, XRP has hit a key resistance at $2.33 that has apparently triggered a strong sell-off. The token seems to have entered a stage of consolidation amid the absence of catalysts that could drive its price either higher or lower.

This week will likely be critical for the token’s performance as the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday typically adds some volatility to the markets.

For now, the near-term XRP price prediction could see the token hitting the $2.08 support as the market could go there to raise the necessary liquidity for its next leg up.

Although hitting $1,000 seems unrealistic at the moment, increased adoption of altcoins like XRP by investors across the world will contribute to propelling the price of this cryptocurrency to uncharted territory.

In this case, the next logical stop for the token would be its nearest all-time high like Bitcoin (BTC). For XRP, this means a push to the $3.5 level in the near term.

Like XRP, the best crypto presales of the year like bitcoin Hyper (HYPER) offer significant upside potential amid their robust practical use cases.

Bitcoin Hyper (HYPER) Opens Up Access to BTC’s DeFi Through a Solana-Powered L2

Bitcoin Hyper (HYPER) is a layer-2 scaling protocol for the Bitcoin network that leverages the power, efficiency, and scalability of the solana blockchain to make asset transfers within the Bitcoin network cheaper and faster.

Through the use of smart contracts, this solution unlocks the huge potential of Bitcoin’s DeFi ecosystem and will also popularize the creation of meme coins in this ecosystem as it will be easier and cheaper to swap these tokens through DEXs built on Bitcoin Hyper.

$HYPER will experience significant demand once the protocol is embraced by top wallets and exchanges. Hence, investors can position themselves favorably to reap the highest returns by buying this token at its discounted presale price of $0.011925.

To buy $HYPER, simply head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.