- Franklin Templeton’s XRP ETF filing sparks optimism; $1.5 trillion asset manager joins race, as institutional interest heats up.
- Ripple-SEC case nears conclusion; settlement talks progress while regulators finalize XRP’s legal classification, impacting market outlook.
John Bollinger, a trader recognized for creating the Bollinger Bands technical analysis tool, recently stated that XRP, the cryptocurrency linked to Ripple, might position itself as a leading asset in the market.
In a social media X post, Bollinger referenced Greek mythology, describing XRP as having “resisted the recent signing of the Siren’s best song,” implying resilience amid broader market declines. This marks his first public comment on XRP since 2018, when he declined to speculate on its future due to limited knowledge of the token.
Of all the major crypto vehicles Ripple resisted the recent singing of the Siren’s song best. Will it become the new leader? $XRPUSD
— John Bollinger (@bbands) March 14, 2025
Last month, Bollinger contested claims that Bitcoin was entering a bear market, reinforcing his reputation for cautious market assessments. His latest remarks on XRP coincide with the token’s recent price stability. On Thursday, XRP gained 0.58% while Bitcoin fell over 4%. Over four days, XRP rose 16%, contrasting with losses seen in other major cryptocurrencies.
Analysts attribute XRP’s uptick to Franklin Templeton’s application to launch an exchange-traded fund (ETF) tied to the token. The firm, managing $1.5 trillion in assets, joins competitors like Bitwise and 21Shares seeking regulatory approval for similar products. ETF filings often signal institutional interest, which can influence market sentiment.
Saw a couple of headlines today about #bitcoin being in a bear market. NO SO FAST! Wait for a sustainable bottom to appear, then take the other side of the trade. (BBs can help a lot here.)
— John Bollinger (@bbands) February 25, 2025
Additionally, Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) nears resolution. Last year, Ripple faced a $125 million penalty for violating securities laws, and recent reports indicate negotiations to finalize settlement terms. The SEC’s classification of XRP remains pending, a decision that could clarify its regulatory standing.
ETHNews noted that a favorable legal outcome, combined with ETF approvals, could bolster XRP’s position. Bollinger’s analysis, though sparing, aligns with data showing XRP’s comparative steadiness during recent volatility. As developments unfold, the token’s trajectory may hinge on regulatory clarity and institutional adoption.
Bollinger’s metaphor underscores a broader narrative: XRP’s ability to withstand market pressures distinguishes it from peers. Whether this resilience translates to long-term leadership remains contingent on external factors now shaping its path.
The post Bollinger Suggests XRP Could Rise as Market Leader appeared first on ETHNews.
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