Is it possible to apply for a Ripple (XRP) spot ETF? Will Altcoin Rally Outpace Ethereum After US Presidential Election? – CBC News

[CBC뉴스] Ripple (XRP) crashed in the 800 range early. It also appears to be pushing it to the late 700s. It can be said that the 800th parallel is a fierce battle. Crossing 800 and reaching 900 is not easy.

Ripple is ranked 8th on CoinMarketCap. It failed to defend $0.6 at $0.5759. However, it is trading at a price that is 14% higher than the previous week.

We’ve been hearing a lot of news about Ripple since the beginning of the week. ETF Store CEO Yate Jerash predicts that several virtual asset spot ETFs will be filed this week, including Solana and Ripple.

Cryptocurrency analyst Dirk Defender says XRP’s price will likely outperform Ethereum (ETH) this market cycle. For this he mentions about five reasons.

Last month, some financiers predicted that Ripple would have the same strength as Bitcoin in its early days. After Trump’s victory in the US presidential election, there is a significant change in the currency world. The active movement of Bitcoin leaders seems to have a big impact on the overall altcoin market.

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▮ CBC NewsㅣCBCNEWS reporter Kim Min-cheol

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