XRP Price Prediction: New ETF Launches And Inflates Optimism Overview A new XRP ETF by 21Shares has been launched on the Cboe BZX Exchange, finally offering U.S. investors a chance to get direct spot exposure to XRP through regulated markets. This development has sparked optimism, and many are predicting a full-blown surge higher in the price of XRP.
Key Points New ETF Launch: It will join four other place holder XRP ETFs from Grayscale, Canary Capital, Bitwise, and Franklin Templeton.
Increased Institutional Access With the new launch, the price forecast of XRP has received a fresh boost. The interest of Wall Street in this altcoin continues to grow unabatedly.
- Combined Assets Near $1 Billion: According to SoSo Value, the combined assets of all spot XRP ETFs listed in the U.S. are currently nearing $1 billion.
XRP Price Analysis- Current Price: In the last 24 hours, XRP is trading near $2.02, down 2.24%.
- Support Level: This token has reflected three times off the $2 level this month and shows a clear indication that buyers are defending this key support.
- Resistance Level: A breakout through $2.20 may trigger a formidable rally toward $2.50. - Technical Indicators: The 200-period EMA, old trend line, and key horizontal resistance all meet at $2.17, a viable target should the uptrend remain intact ¹ ². Market Outlook- Institutional Interest on the Rise: XRP ETFs have recorded nearly $900 million in total net inflows, reflecting growing institutional demand. - Potential Price Targets: Many analysts believe that XRP has the potential to reach anywhere between $3 and $5 by 2025, driven by regulatory clarity and increased institutional adoption.
