- XRP community figure says ETF approval will enable Wall Street institutional buying access.
- RLUSD reached $500 million circulation in six months, marking 604% growth rate achieved.
- Nine XRP ETFs now listed on DTCC with Canary Capital targeting November 13 launch date.
XRP community figure Skipper has shared commentary explaining why an XRP ETF could transform the token’s outlook. According to his analysis, SEC approval would usher in a new phase driven by institutional demand.
The commentary arrives as anticipation builds for the launch of the first spot XRP ETF products. Skipper argued that approval would allow Wall Street to begin purchasing XRP directly. He suggested that major financial firms would not overlook a global payments asset trading under $10 per token.
Supply dynamics favor price appreciation
According to Skipper, ETF demand would rapidly absorb available XRP, creating a supply shortage that could push prices higher. He highlighted Ripple’s U.S. dollar-backed stablecoin RLUSD as a critical component of the broader ecosystem that could drive liquidity and transaction volume through the XRPL.
As RLUSD adoption expands, more transactions occur on the network, leading to increased XRP burns and reduced supply. Lower supply combined with ETF-driven demand could establish conditions for sharp price movement, according to his analysis.
Skipper pointed to early data supporting this trajectory. RLUSD reached $500 million in circulation within six months, marking a 604% increase and ranking as the second-fastest-growing stablecoin globally. He stated this growth demonstrates that Ripple has only begun scaling its stablecoin initiative.
The community figure noted that Ripple never needed to create RLUSD to succeed in cross-border payments. The company already enabled international transfers using other stablecoins and XRP. However, Ripple chose to develop its own stablecoin to control how value moves across the XRPL.
Strategic control over value transfer
By owning the stablecoin layer, Ripple can manage fund flows, improve transaction speed, and capture more value for the XRP ecosystem. Skipper emphasized this provides Ripple an advantage. When the company dictates how billions of dollars move across the network, it can boost efficiency and increase XRP’s relevance in global finance.
According to his perspective, Ripple’s ultimate goal involves redesigning the financial infrastructure of the modern economy. Skipper suggested that once investors and institutions recognize this vision, demand for XRP will grow exponentially.
Excitement around XRP ETFs continues building. As of November 4, the Depository Trust & Clearing Corporation listed nine XRP ETFs, combining spot-based and futures-based products. Four spot ETFs await launch approval.
Source: https://thenewscrypto.com/xrp-etf-speculation-heats-up-why-it-could-be-a-game-changer-for-price-growth/
