Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-19-25
Good Afternoon Dinar Recaps,
XRP NEWS: ETF APPROVAL COULD SUCK UP SUPPLY LIKE A “VACUUM” & PUMP PRICE HIGHER
▪️XRP ETFs could remove coins from market, creating less supply and higher prices.
▪️Analyst predicts XRP price could reach $27 if ETF approval goes through.
▪️BlackRock’s potential ETF involvement could trigger massive XRP demand with its $11 trillion assets.
A popular crypto analyst from the Good Morning Crypto podcast has made a strong prediction about XRP. He believes that the approval of XRP-based ETFs could trigger massive buying pressure, pushing prices higher. According to him, once proper regulations are in place, both investors and daily users of XRP could find themselves racing to grab what’s left of the supply.
So what’s driving this bullish outlook? Let’s break it down.
XRP ETFs Could Act Like “Vacuum Cleaners”
The analyst explained that Exchange-Traded Funds (ETFs) could play a major role in XRP’s price movement. When someone bu4ys an XRP ETF, the actual XRP gets stored with a qualified custodian, meaning it’s no longer available for trading in the open market. He compared this to giant vacuum cleaners sucking XRP out of circulation.
With already 18 XRP ETF applications on the table, and there’s a speculation that BlackRock, with a AUM of $11 trillion in assets, may enter the space, the potential demand could be massive.
If that happens, a lot of XRP will be taken off the market, which could push the price higher.
Clear Regulation Might Unlock XRP’s Daily Use
At the same time, the analyst believes that under Donald Trump, crypto rules in the U.S. could become clearer & easier. If this happens by August, more businesses might start using XRP for daily payments.
Meanwhile, market makers, the ones who use XRP for regular transactions, would need it every single day. But while they’re using it, they’d also see the price going up because ETFs are buying up the supply.
If this scenario unfolds, XRP may no longer be as cheap or available as it is today.
On the other hand, the Ripple and SEC lawsuits have been paused for the next 60 days. Many believe it could finally come to an end by July or August. This could be a big moment for XRP, possibly pushing its price higher.
How High Can XRP Go, If ETF Approved?
Recently, Coinpedia News reported that Crypto analyst EGRAG Crypto believes XRP has the potential to soar as high as $27 if an XRP ETF gets approved.
As of now, XRP is trading at a much lower price, around $2.08, with a market cap of $121.5 billion.
@ Newshounds News™
Source: Coinpedia
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BRICS: HAS CHINESE YUAN MADE INROADS INTO THE WORLD’S RESERVES?
China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022. After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions.
Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currency. Even countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no.
China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022. After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions.
Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currency. Even countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no.
BRICS: Chinese Yuan Made Inroads In International Reserves?
The latest data from The Atlantic Council shows that the Chinese yuan has not made any major inroads in international reserves. Though its usage has slightly increased, it does not create any impact or threaten the dominance of the US dollar. Even BRICS countries are now hesitant to use the Chinese yuan for trade as they believe the Communist nation is using the alliance as a stepping stone for world domination.
BRICS member India stepped back from using the Chinese yuan after settling many trade deals in the currency. The Modi government does not want to promote or use the currency as it can make China much stronger. India and China have been at loggerheads for several decades due to border and trade disputes. Therefore, using their local currency will only empower the opposition and make India look weaker.
The Chinese yuan has a long way to go to even challenge the dominance of the US dollar. Other leading currencies like the euro and pound are yet to dent the USD’s prospects despite being second and third in line. BRICS has little to no chance of making the Chinese yuan reign supreme in the coming decades.
@ Newshounds News™
Source: Watcher Guru
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