XRP is Highly Centralized. An ETF Announcement Now Can Be RISKY!

Jason Calcanis, the popular angel investor says that the XRP ETF can be threatening for The Market Now. It has limitless potential. But who are the ones putting their bets…….. 

Centralized Securities don’t perform well in the crypto market. That’s a norm anybody dares speak against. But Jason Calacanis, the renowned angel investor, who placed bets on companies like Uber, Robinhood, and others has something else to say. He feels that Ripple XRP has broken the thread.  

This centralized token has made enough marks to overturn conventional faiths. But he’s never hoping to see XRP breaking charts anytime soon. According to him-  

“All crypto OGs say- XRP is opposite to Bitcoin.”  

So, what’s so optimistic in this market?  

Everybody’s talking about a potential approval of the spot XRP ETFs. Once that happens, the market hopes that it will be one of the most phenomenal tokens of all time. The number of buys and sales volumes will both be off charts.  

Technical analysis  

Calcanis predicts that XRP’s TF launch will be a major offsetting event in the crypto market. Meanwhile, the stable and rising tokens will be unsettled as well. Therefore, it could be a glowing chance for XRP to cement a blazing ETF entry.  

The market now is flooding with a million startups (tokens). The traction in light of a possible ETF is already noteworthy. Many institutional investors are already selling 50% of their tokens and clearing funds to buy as many ETFs as they can.  

The Effect of This Drive? 

Cancannis also says that those privies to the insider news in the market will be capturing most of the tokens as soon as the ETF launches. No doubt it will cause a genuine avalanche in the market. Retail investors would be discouraged. They won’t be placing bets in any newcomer cin anytime soon again.  

Amidst these threats, The Polymarket users confirm that the odds of XRP ETF getting a spot approval this year is 78%.  

The Centralization Issue Remains!  

XRP is centralized and hence attracts a lot of criticism from the pundits in the market. Meanwhile, Ripple’s CEO has declared that they have around $100 billion worth of XRP tokens. So, the sharks would be honing big baits, no doubt!