XRP News Today: XRP Slumps as JGB Yields Spark Crypto Sell-Off
Notably, more XRP-spot ETFs are set to launch in the new year, including WisdomTree’s XRP ETF (XRPW). A bigger spot ETF playing field may draw more institutional inflows, crucial for the token’s longer-term price trajectory.
Medium- and Long-Term Outlook Remains Constructive
Robust XRP-spot ETF inflows and the imminent launch of new spot ETFs set the stage for a bullish outlook for XRP. The Market Structure Bill’s progress on Capitol Hill remains another tailwind, supporting a bullish medium- and longer-term price outlook.
In the near term, the BoJ monetary policy decision will be the key driver. However, traders should closely monitor US economic data and FOMC members’ rhetoric to…
