Why XRP Might Be About to Throw a Monetary Tantrum (And Not the Good Kind)

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Ah, the curious case of XRP – that charming little digital hope in the world of jumbled jargon and wild predictions. Our good friend, Cobb, the crypto philosopher with a penchant for impending disasters, has crooned that a supply shock is just around the corner, possibly knocking on the door with a little more gusto than your Aunt Agatha’s Sunday roast. And wouldn’t you know it, right on cue, two ‘33 Act XRP ETFs have sashayed onto the stage – including a charming little number by Bitwise, with more expected to strut into the limelight next week. 🎩✨

Why XRP’s Coming Storm Might Be Less “Tea Party” and More “Tsunami”

In an X post resembling a scoop from Sherlock Holmes after a particularly boozy night, Cobb declared that a supply shock looms large, as ominous as a cat burglar in a cream jug shop. The market, bless its heart, seems blissfully unaware of the impending ribaldry these ETFs might unleash-much like good manners at a knockout punch contest. Last year, Bitcoin’s ETFs caused a rally to heights only a mountain goat would envy. Ethereum had its moment in the sun too, inflating faster than a balloon at a baby shower. 🎈

And then, as if predicting chaos, Cobb’s response to crypto pundit Chad’s prophecy of a billion-dollar daily influx was a sharp slap to the face: “The price of XRP won’t sit at $2 for long,” he said with the confidence of a man who’s just misplaced his monocle. Currently, there are two ‘33 Act spot XRP ETFs floating about-one by Canary Capital and another by Bitwise-looking about as lively as a Monday morning after an all-night poker game. 🎲

Data from SoSo Value reveals these funds are about as active as a tortoise in a marathon, with peak daily inflows barely hitting $245 million-hardly enough to make a banker break a sweat. Meanwhile, the market’s head is bowed by a decline, as if mourning the passing of a particularly dull season. Canary’s big boss, Steven McClurg, had grand visions of marching to $10 billion in inflows. That’s all well, but right now, the inflows are more of a meager trickle-less Niagara, more leaky faucet. 🚰

More Flotation Devices in Sight

But hold onto your hat, for there’s more! Bloomberg’s Eric Balchunas whispered sweet nothings about Grayscale getting the green light to launch its fund come November 24. Franklin Templeton might be pulling similar tricks next Monday, while asset maestros like 21Shares are eyeing the scene, ready to pounce once they get the nod from CBOE. It’s a veritable parade of financial bandwagons! 🎉

Crypto sage Chad, who clearly enjoys playing the Nostradamus of the digital age, claims XRP could soon soar to a dizzying $220 – a number only slightly crazier than a kangaroo on a trampoline. He points out that Bitcoin’s double in value after its ETF debut was merely an appetizer, and XRP’s rise could make the Alps look like molehills. Currently, the price wobbles around $1.91, down 2% – a gentle jiggle on the rollercoaster that’s crypto. 🎢

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2025-11-23 05:15