While the fall of Mantra has deepened market skepticism, the likely inclusion of XRP in an ETF Spot offers a wave of contrasting optimism for traders, according to health analysts.
The feeling on the cryptography market remains deeply polarized while the collapse of the Mantra project (OM) raises concerns concerning confidence, while the growing perspectives of a fund exchanged XRP (XRP) inject optimism in space, analysts of Santiment Note.
In a recent research report, analysts argued that the fall of OM “introduced new waves of doubt just as confidence was starting to come back”, making comparisons with the Luna crash, which devastated the market in 2022.
“Although no tangible evidence of fraud has surfaced, the moment, the magnitude and the consequences of the OM accident left a feeling of persistent distrust.”
Santly
Although the OM team is committed to rebuilding confidence, damage to the reputation of the project can in fact be difficult to overcome, suggest analysts.
On the other hand, the growing interest in the potential approval of the XRP Spot ETF offers a glimmer of hope. While the analyst of Bloomberg ETF, Eric Balchunas, noted earlier than the chances of a spot XRP ETF approval in 2025 are “fairly high”, the internal projections of Ripple show that the asset markets in Tokenized could rise from $ 0.6 billion today to $ 18.9 billion by 2033, doing XRP a key player future.
Nevertheless, analysts point out that many assets are still negotiated at a loss compared to recent summits. Santiment notes that a large part of the direction of the cryptography market depends on the decisions of the federal reserve concerning interest rates, which suggests that if the rate reductions occur in parallel with clearer commercial resolutions, this could open the way to a strong recovery on the traditional and cryptographic market.
