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CATEGORY: spot xrp etf


May 22, 2025 12:10

Is The XRP Price Mirroring The 2017 Rally? Analyst Points Out Similarities

Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally.  XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move.  Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, Whats Next? His accompanying chart showed that the XRP price could rally to almost $40 on this breakout. The analyst seems convinced that the altcoin could witness such a parabolic move, considering that XRP surged by 61,000% in 280 days in 2017. The chart also showed that the altcoin will likely reach this target sometime next year.  Crypto analyst Egrag Crypto has also stated that he expects the XRP price to reach between $27 and $33 in this market cycle. He believes that a repeat of the 2017 historical performance makes these price targets achievable for the altcoin. The analyst has also alluded to factors such as the XRP ETFs and Ripples expansion as factors that could drive this price surge.  Meanwhile, crypto veteran Raoul Pal also affirmed that the XRP price has enough room to rally to the upside from its current level. He highlighted a bull flag that had formed for the altcoin, following its consolidation phase after last years rally. The veteran expects XRP to witness a bullish continuation after this consolidation phase, possibly rallying to as high as $5. This would mark a new all-time high (ATH) for the token.  The Altcoin In A Bullish Phase Crypto analyst CobraVanguard asserted that the XRP price is in a bullish phase, while highlighting a falling wedge pattern that was forming for the altcoin. He remarked that this pattern indicates the altcoins potential to reach $3. However, the analyst warned that this setup could be invalidated if the wedge pattern is broken downwards with the strength of bearish candles. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing  Meanwhile, crypto analyst Dark Defender noted that the XRP price is currently in Wave B of its Wave 2 corrective move. He predicts that the altcoin could rally to its current all-time high once the B and C waves are completed in this corrective wave. The analyst is also confident that the altcoin can rally to double digits in the long term. He once predicted that the altcoin could reach $18 based on his Elliott Wave Theory analysis.  At the time of writing, the XRP price is trading at around $2.38, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

May 21, 2025 12:05

XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts

Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting it still has more room to rally to the upside. The altcoin is expected to hit a new all-time high (ATH) as it rallies higher.  XRP Price Primed For Another Leg Higher In a YouTube video, Pal remarked that XRPs chart is one to behold and that its price will likely get another leg higher at some point. His accompanying chart showed a bull flag that had formed for the altcoin since last year, after its parabolic rally to the $2 range. Its price is currently in the consolidation phase, with a breakout usually occurring after this phase.  Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing Based on the chart, the price could rally to as high as $5, which would mark a new all-time high (ATH) for the altcoin. Interestingly, before its surge late last year, the crypto veteran had advised investors to sell their dino coins like XRP and ADA. However, following the pump, he admitted he was wrong and became bullish on the altcoin.   This prediction comes amid the launch of the CME XRP and Micro XRP futures, which are bullish for its price. These products will provide institutional investors with exposure to the altcoin and are also integral to the approval of a Spot XRP ETF. An XRP ETF is one of the factors that crypto analyst BarriC believes could quickly drive prices to $10.   In the short term, crypto analyst Ali Martinez has suggested that the XRP price could retrace before it rallies higher. In an X post, he stated that the asset could return to $2 if it loses the critical $2.30 support. Crypto analyst CasiTrades had also warned that the altcoin could witness a correction following its failure to hold above $2.6 successfully.  The Altcoin Could Hit ATH After This Correction Crypto analyst Dark Defender has suggested that the XRP price could hit its ATH after this market correction, stating that the rally to ATH is closer than anyone else can think of. This came as he revealed that the token has completed the A Wave and is now on the B Wave of Wave 2, meaning that this corrective wave is in its midway.  Related Reading: $40 Billion Worth Of XRP On The Move Where Are They Headed? The crypto analyst predicts that the XRP price could reach $3.333 after the B and C Waves in this Wave 2 corrective move. Meanwhile, the support levels to watch out for are $2.3502 and $2.2222, while the resistance levels to keep an eye for are $2.58 and $3.3333.  At the time of writing, the XRP price is trading at around $2.38, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

May 20, 2025 12:05

Pundit Says XRP Price Will Stabilize At $1,000 And Become Very Expensive

Despite its current lackluster price action, many crypto analysts have agreed through various analyses over the past few years that XRP has a very bright parabolic rally ahead. This sentiment has particularly gained ground due to its price action in Q4 2024, leading to a multi-year high of $3.34 in January 2025.  Although XRP has retraced quite a bit from this high, this hasnt stopped bold long-term projections from resurfacing. One of the more striking forecasts comes from a crypto analyst who believes the altcoin will not only rally into double digits soon but eventually stabilize at $1,000 and become one of the most expensive digital assets in the world. Analyst Predicts The Altcoin Will Hit $10 To $20 Before Entering New Bear Market Crypto market commentator BarriC shared a post on social media platform X outlining a future price trajectory for XRP that begins with a major surge in the coming months. BarriCs post begins by criticizing the perception that the current price range, which remains below $3, reflects failure. Instead, he views this phase as an accumulation opportunity before a massive breakout.  Related Reading: $10,000 XRP Theory: Factors Analyst Shares Scenarios That Could Drive Growth According to the analyst, there’s a high possibility that the XRP price will climb to somewhere between $10 and $20 in the next few months. Such a move would undoubtedly be accompanied by a surge in the trading volume and activity surrounding XRP. One such primer is if the cryptocurrency somehow gains full utility and adoption with banks in the next few months, or through the launch of a Spot XRP ETF. This surge, BarriC noted, would likely coincide with the final stages of the current altcoin season. Following that, he expects a significant market correction, similar to past cycles, which would bring XRP back down to the $5 to $10 range. Previous cycles dating back to 2016 have typically ended with a sharp 50% market dip. If this happens again, the lower boundary for the next cycle could land between $5 and $10. This mid-cycle dip, according to BarriC, will be the last time XRP is considered cheap before it enters a fundamentally different phase. Banks And Institutional Adoption To Tie Up XRP At $1,000 Permanently BarriCs prediction is ultimately based on banks’ mass institutional adoption of XRP. He noted that when the asset becomes deeply integrated into the daily operations of banks and financial institutions, we will see a $1,000 XRP. Once trillions of dollars begin flowing consistently through the XRP Ledger, there will be no more volatility and bear market phases for its price.  Related Reading: XRP Price At $10-$20 Only The Beginning, Its Headed For $1,000 Analyst Reveals At that point, BarriC believes the altcoin will stabilize at a $1,000 valuation, not as a temporary peak but as a structural price floor. In this case, future investors may only be able to afford fractions of one XRP, much like Bitcoin currently. At the time of writing, XRP is trading at $2.30, down by 2.35% in the past 24 hours. XRP has been steadily declining from $2.62 in the past seven days. Featured image from Getty Images, chart from Tradingview.com

Apr 16, 2025 12:05

XRP To $15? Pundit Explains How ETFs Could Trigger Massive Rally

Crypto pundit Zach Rectors has published a bold projection that XRP could surge to $15 as soon as institutional inflows driven by exchange-traded funds (ETFs) increasingly reshape market dynamics. In his analysis, Rector contends that the anticipated inflows from XRP exchange-traded funds (ETFs) could transform the assets valuation landscape. His projection is rooted in conservative assumptions and is underpinned by JPMorgans earlier forecasts, which suggested that XRP ETFs might secure between $4 billion and $8 billion in new capital during their first year. Rector centers his model on the lower $4 billion figure, arguing that even this modest amount could set the stage for a dramatic market cap expansion. How High Can XRP Rise With A Spot ETF? Central to his thesis is what he terms the market cap multiplier. This metric, which he describes as the ratio of the change in an assets market capitalization to the net inflows it receives, serves as the engine behind his bullish scenario. Rector elaborated on the concept during one of his presentations: When you witness a short-term event where XRPs market capitalization surges dramatically with relatively low inflows, it highlights how sensitive the valuation can be to capital entering the market. Related Reading: XRP Reaches ABC Pattern TopAnalyst Says $6.50+ Targets Still In Play He illustrated this with a striking example from April 12, 2025. On that day, over the course of eight hours, XRPs market cap increased by $7.74 billion even though the net inflows were only $12.87 milliona phenomenon that translated into an extraordinary multiplier of 601x. That moment was a wake-up call, Rector noted, a clear demonstration of how leveraged the digital asset market can be under the right conditions. Despite this explosive example, Rector exercised caution by choosing a considerably more conservative multiplier of 200x for his primary analysis. With this multiplier, the $4 billion inflow assumption would generate an $800 billion increase in market capitalization. When added to XRPs then-current market cap of roughly $125 billion, the theoretical total valuation climbs to nearly $925 billion. Given an estimated circulating supply of 60 billion XRP tokens, this scenario would result in a per-token price close to $15. Even a conservative read on market trends points to a level of appreciation that is nothing short of transformative, Rector explained. In discussing the underpinning assumptions, Rector was unequivocal about the limitations of his model. Two things that are not included in this equation that do play a factor would be the futures market and then also the XRP ledger decentralized exchange activity, he stated. Related Reading: XRP Tests Ascending Triangle Resistance Can Bulls Reach $2.40 Level? Beyond the technicalities of his multiplier methodology, the broader market context lends weight to Rectors optimistic forecast. Institutional momentum is evident, as evidenced by a surge in regulatory filings for spot XRP ETFs. Nine prominent financial institutionsamong them Grayscale, VanEck, Ark Invest, and WisdomTreehave sought approval from the US Securities and Exchange Commission. The fact that established asset managers are stepping forward to file for an XRP ETF is a signal in itself, Rector commented. The SECs acknowledgment of these filings, coupled with the buzz around the Ripple legal settlement, has bolstered market sentiment. Theres a tangible sense of optimism in the air, Rector added. Notwithstanding the supportive environment, Rector remains measured in his outlook. He pointed to the underwhelming performance of Ethereum ETFs for context. Since their introduction in July 2024, Ethereum ETFs have only attracted about $2.28 billion in inflows. This is a reminder that even with strong institutional interest, the transition from traditional finance to digital assets is not always straightforward, Rector remarked. International developments have further reinforced the narrative. In March 2025, Brazil took a significant step by approving a spot XRP ETF, while the NYSE Arca recently debuted Teucrium Investment Advisors leveraged XRP ETF. Global regulatory acceptance is key, Rector asserted, and as more jurisdictions warm up to digital assets, we can expect a more vibrant and dynamic market. He concluded: While no forecast is foolproof, the trends we are witnessing today suggest that a milestone like $15 per XRP isnt just wishful thinkingit could very well be within reach. At press time, XRP traded at $2.14. Featured image created with DALL.E, chart from TradingView.com

 WisdomTree officially files S-1 for spot XRP ETF

Author: Cointelegraph by Helen Partz
United States
Dec 03, 2024 12:00

WisdomTree officially files S-1 for spot XRP ETF

Spot Bitcoin ETF provider WisdomTree became the fourth firm in the US to submit a Form S-1 filing with the SEC for a spot XRP ETF.

Oct 03, 2024 05:50

Bitwises Spot XRP ETF Registration Statement Unveiled, Price Falls 7%

Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.  XRP ETF Applications Gain Momentum Despite this initial [...]

The post Bitwises Spot XRP ETF Registration Statement Unveiled, Price Falls 7% appeared first on Crypto Breaking News.

Jan 25, 2025 12:05

CoinShares Seeks Approval For Spot Litecoin And XRP ETF In Latest Market Move

In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings. CoinShares Targets Litecoin And XRP ETF CoinShares submission arises as the US ETF market is progressively concentrating on cryptocurrency investments, after the approval and resulting success of funds investing in Bitcoin (BTC) and Ethereum (ETH) in 2024. The firm has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) to launch the XRP ETF, aimed at providing investors with direct exposure to the markets second largest altcoin.  Related Reading: SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve Additionally, CoinShares is expanding its offerings by applying for a spot Litecoin ETF, positioning itself as one of the few companies actively exploring altcoin-based ETFs in the US market. On the same day, Grayscale Investments also filed applications with the New York Stock Exchange (NYSE) for both a Solana ETF and a Litecoin ETF, alingning with other firms, including Canary Capital and CoinShares, all seeking regulatory approval for similar products. Skepticism Surrounds Proposed Litecoin ETF Despite the enthusiasm surrounding the XRP ETF filing, the altcoin has shown a mixed response in the market. XRP recently emerged from a nearly three-year consolidation period below the $0.50 mark, boosted by excitement surrounding pro-crypto regulatory shifts under President Donald Trump.  Currently, XRP is experiencing remarkable momentum, boasting a staggering 500% year-to-date gain, trading at approximately $3.10. However, the announcement of CoinShares’ XRP ETF did not significantly impact the token’s price, which remains down 0.4% within a 24-hour period.  Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 On a more critical note, the proposed Litecoin ETF has sparked skepticism among some market experts. Analyst Ali Martinez expressed concerns regarding the viability of a Litecoin ETF, pointing out that the coin has remained stuck in the same price range since 2017, a span of eight years.  The analyst continued to probe the reasoning for initiating a Litecoin ETF when ironic options, like a USDT ETF, he claims, might provide more instant advantages such as staking rewards. Featured image from DALL-E, chart from TradingView.com

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