XRP is poised to reach $4 by Oct. 1 after hitting a 52-week high of $3.65 in July. The upcoming SEC ruling on spot XRP ETF applications in mid-October could bring billions in institutional money into XRP, making it the third-largest cryptocurrency by market cap at $180 billion.

Several investment firms have submitted spot XRP ETF applications, with decisions expected between Oct. 18 and Oct. 25. If approved, these ETFs could attract up to $8 billion in new investments by 2025, boosting XRP’s price. The SEC may accelerate its timeline for approval, potentially as early as September.

While spot XRP ETFs may appeal to institutional investors, individual investors may prefer direct XRP purchases. The new ETFs offer better price tracking and lower risk than existing XRP ETFs. BlackRock currently has no plans for a spot XRP ETF, signaling the potential for direct XRP investments to continue growing.

Investors looking to capitalize on the potential growth of XRP should consider the implications of spot XRP ETFs and the benefits of direct investments. The Motley Fool Stock Advisor team has identified 10 top stocks for potential high returns, with XRP not included in their recommendations. Join Stock Advisor to access their latest picks and maximize investment opportunities.

Read more at Nasdaq: Prediction: XRP Will Hit $4 by Oct. 1