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XRP’s Daydream: Why 85% Odds Have Traders Writing Love Letters to the SEC

BBG News

Once, in a dimly lit Petersburg drawing room, bankers fretfully counted rubles—today, their modern heirs eye digital coins and speculate over regulatory winds. Confidence, like a cat wandering back after a long night, seeps quietly among XRP traders. Even as the U.S. SEC, known for making decisions with the enthusiasm of a distant aunt at family gatherings, hesitates before Franklin Templeton’s XRP ETF proposal, whispers arise that leadership may, at last, favor the mysterious charms of crypto.

So say the keepers of data at Santiment (who, we presume, do not live in a house with creaking floorboards and a perpetually boiling samovar). Trader sentiment? Bullish—like a theater crowd before a disastrous second act. The SEC’s inevitable postponement has simply lengthened the anticipation; institutional money now lurks in the wings with the patience of a character waiting for Chekhov’s gun to go off—any moment, any moment now!

Let us not be fooled by statistics! Yes, mention of XRP on social media plummets, as though bored poets have wandered away. Yet the ratio of optimists to pessimists quietly swells—those of us remaining are not merely hopeful, but possibly delusional. And even with XRP drooping below $2.20, traders’ spirits are inexplicably high; the sort of cheer only found in gamblers, or anyone who has ignored their mother’s warnings.

Meanwhile, ETF discussions proliferate, championed by managerial titans like Grayscale and Bitwise, who sharpen their knives—not for a feast, but for the main course they hope to discover somewhere in the ETF approval process. Should their hopes not be dashed on bureaucratic rocks, we may soon see XRP emerge fashionable, like a new character at a provincial dance—awkward, scrutinized, yet holding the promise of wild fortune. 😉💼🎭

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2025-05-02 17:25

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