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Ripple xrp price forecast

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Kalshi data showed a 3% increase in bets on XRP reaching $5 before year-end. At the same time, bets on XRP achieving $4 and $3.75 fell by 10% and 5% respectively. This reflects traders’ perception of XRP’s latest rebound as a potential springboard toward higher valuations. Perhaps the most important catalyst for XRP is the pending approval of several spot XRP exchange-traded funds (ETFs). The SEC is expected to make a decision concerning six of those investment products between Oct. 18 and Oct. 25, with a seventh to follow on Nov. 14. Most experts anticipate a favorable outcome for the cryptocurrency. Ripple XRP price forecast is supported by whale accumulation in the $0.58–$0.60 range, as blockchain explorers report over 200 million XRP withdrawn from exchanges in the past week.