Trust in crypto shaken by Mantra collapse, but XRP ETF sparks institutional optimism, analysts say

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 crypto market remains deeply polarized like the collapse of the mantra (If) The project raises concerns about confidence, while the growing prospects of an XRP (Xrp) The fund negotiated in exchange injects optimism into space, analysts of Santiment Note.

In a recent research reportAnalysts 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.”

Simple

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. Like the analyst of Bloomberg Etf Eric Balchunas earlier note That the chances of a spot XRP ETF approval in 2025 are “fairly high”, the internal projections of Ripple show that the tokenized asset markets could go from $ 0.6 billion today to $ 18.9 billions of dollars by 2033, making XRP a key player in this 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.