Canary Funds Enters Final Step Before Nasdaq Certifies Its XRP Spot ETF Listing

Canary Funds enters final step before Nasdaq certifies its XRP Spot ETF listing

This launch is set to occur on Thursday

A move that could send the price of XRP to new ATH targets.

The crypto community grows eager to see the price of XRP surge following the launch of XRP Spot ETFs tomorrow. Specifically, Canary funds enters final step before Nasdaq certifies its XRP Spot ETF. This move could bode very well for the price of Ripples’ XRP, as the altcoin has been printing multiple bullish indicators since the crypto cycle even began its bull run. Many hope to see a parabolic XRP price pump soon

Canary Funds Enters Final Step Before Nasdaq Certifies its XRP Spot ETF

This bull cycle saw interest in crypto grow as traditional financial institutions entered the crypto space, leading to a massive pump in global crypto adoption. A huge factor behind this was the successful launch of BTC and ETH ETFs. Soon after these products went live, the price of both assets grew to hit new ATHs over the next few weeks and months. Analysts now hope to see the same price pump for altcoins waiting for their ETH approvals

At the moment, there is a long line of altcoins waiting for approvals. Initially, these approvals would have taken a long time to come into effect, but with the latest policy passed, where altcoin ETF approvals can be approved in bulk, a greater altcoin price pump for ETF approval may be just on the horizon. After all, most altcoins have been printing highly bullish signals on their price charts for a string of months, perhaps these approvals will be the trigger for the long-awaited pump

Ripple’s XRP is one such asset. A powerful and highly capable altcoin with undeniable utility. The fact that the asset has missed the last two cycle pumps has only made XRP holders more eager to see the altcoins soar. Present predictions place a string of new ATH price targets for XRP between the price of $5 to $27, and even higher. At the moment, the most pressing XRP Spot ETF is as follows

As we can see from the post above, this highly regarded journalist, Eleanor Terrett, says that Canary Funds has filed its Form 8-A. This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared and the first XRP spot ETF will be set to launch Thursday at market open. Where will the price of XRP be after this week closes?

XRP Hidden Bullish Divergence Pattern

The post above supports the possibility of XRP printing a highly bullish price pump soon. As the analyst explains using the image accompanying the post above, he says that if XRP can stay above the trendline, then he expects a hidden bullish divergence pattern to play out, which will lead the altcoin towards new ATH prices in the coming weeks ahead. He also adds that this is the time to take profits before a historic rugpull crash can play out