Industry expert CryptoInsight has recently elaborated on why investors in XRP should hold onto their assets during the upcoming three-month period. He believes that significant growth opportunities may be in sight, driven by crucial events expected to unfold.

Reasons for Holding XRP Through November

In a recent tweet, CryptoInsight pointed out two critical factors: the resolution of legal challenges facing Ripple and the imminent adoption of the ISO 20022 messaging framework. He highlighted that the Ripple SEC case reached its conclusion last month, setting the stage for positive market shifts.

Additionally, he mentioned that global ISO 20022 adoption is set to take place by November 22, marking a pivotal moment in financial communication standards. Many reputable banks and institutions are already aligning with this new standard, which could yield favorable conditions for XRP, particularly as Ripple’s technology is already compliant with these norms.

XRP is currently positioned to act as a central currency in Ripple’s network, and the growing compliance with ISO 20022 could encourage financial institutions to leverage Ripple’s robust payment infrastructure. CryptoInsight’s statements echo sentiments found in earlier community discussions, where investors were advised to maintain their holdings for the next few months following the lawsuit’s resolution.

Both he and the community anticipate that these upcoming developments could serve as catalysts for price growth, especially considering that the prolonged legal battles had previously stifled XRP’s market performance and partnerships, which might have expedited its adoption.

Potential XRP ETF Approval on the Horizon

Another significant event on the radar is the SEC’s decision regarding pending XRP ETF applications, which could occur before November. The regulatory body has pushed back its ruling to October, during which it will determine whether to approve or deny these proposed funds.

Even with these delays, analysts from Bloomberg, including Eric Balchunas and James Seyffart, are optimistic, estimating a 95% likelihood of SEC approval for these ETFs. Experienced market commentator Nate Geraci shares this optimism, reinforcing his views as the Ripple case neared its close.

Importantly, the issuers behind the XRP ETFs have recently made amendments to their S-1 filings, a move that Seyffart considers encouraging. He noted that such adaptations typically suggest that the SEC is engaged in constructive discussions with these issuers.

As of now, XRP is trading around $3, experiencing slight fluctuations over the past day, according to CoinMarketCap data.