The XRP price showed a new sign of life on Monday when the cryptocurrency surged more than 27% from its intraday low, breaking past numerous resistance levels to set a new yearly high above $0.745. This leap in price has not only caught the eye of investors but also sparked discussions around the future of the asset, particularly concerning the potential launch of an exchange-traded fund (ETF).
Martin Hiesboeck, Head of Research at Uphold Exchange, has been particularly vocal about the developments in the ecosystem. Reflecting on the asset’s recent performance, Hiesboeck credited the positive momentum to “increased development on XRP since the lawsuit was settled,” referencing the regulatory clarity obtained last year.
He further hinted at the proximity of an ETF by stating, “We are finally seeing the fruits of increased development on XRP since the lawsuit was settled. An XRP ETP is around the corner, too. There is life in the old girl.”
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