As April ends, the final update is here. The month saw many odds. However, there were some good ends to the month too.
Let’s see what marks this month the most. To begin with, Spot XRP ETFs have 85% approval odds now. SEC’s new strategic turn has ignited hopes of the ETF approval again.
A few hours before press time, Ripple’s XRP was flashing a price tag of $2.24. Market bulls meanwhile try to prevent a further fall from the all-time April high of $2.36.
Is Change Around the Corner?
There could be a reversal soon. The momentum can swiftly swing in favor of XRP’s ETF approval as SEC takes a new stance on the case. The governing body is now more tempered than ever. Now it seems that there would be a straight face answer to the ETF approval petitions from various ends.
According to the popular Bloomberg analyst Eric Balchunas, there could be a reversal trend soon. As a result, XRP approval might be a reality before the year ends.
Eric’s team released an odds ratio for various tokens including XRP. The same shows that after Paul Atkins assumed the main seat at the SEC the odds have increased in favor of the approval.
THORChain’s XRP Integration
Among other news, RUNE Coin broke another news this week. The coin’s spokesperson said that the stage net integration between RUNE and XRP is nearing the final step. The only step that still remains is the activation of the main net.
This step will improve the swap activity of THORCoin’s economic activity. However, the protocol fees will increase with that. So, it is still not clear how this project will affect $RUNE’s price rollout.
We’ll have to wait till May to find that out!
