XRP Eyes $3 Breakout Amid Rising BlackRock ETF Speculation
XRP price surges as speculation grows over a potential BlackRock spot ETF filing, pushing the token toward a $3 breakout. Analysts are projecting XRP could rise much higher.
XRP price surges as rumors intensify that BlackRock may soon file for a spot XRP ETF.
Analysts predict that once approved, XRP ETFs could draw billions in the first year, significantly boosting XRP’s price.
XRP gained 6.1% today after a 4.83% rally yesterday, surpassing the total crypto market’s 4.53% rise to $3.57 trillion
XRP could be set for a breakout above the $3 mark as speculation that BlackRock may soon file for an XRP-spot ETF rises. Experts believe this could lead to increased interest from major investors, potentially driving new adoptions that could alter XRP’s trajectory.
XRP Price Jumps on Hopes for BlackRock ETF Approval
The XRP price has recorded spectacular gains as speculation over a BlackRock-backed XRP ETF intensified, suggesting bullish momentum. This also aligns with the meeting between the SEC and Ripple regarding the dismissal of the company’s cross-appeal, ultimately bringing the lawsuit to a close.
“BlackRock $XRP and SOL ETF filings could happen anytime soon. XRP holders, get ready for a big bang!”
Notably, JPMorgan analysts predict that spot XRP exchange-traded funds (ETFs) might be approved later this year. They estimate these ETFs could attract up to $8 billion in funding within the first year. If this happens, it could greatly increase the price of XRP as money moves from larger assets into alternatives.
XRP Eyes $3 Next, Analyst Projects $9 As Possibility
The XRP price has surged by 6.1% in the early hours of today, after a 4.83% rally the previous day. This performance outpaced the broader crypto market’s 4.53% gain, raising the total crypto market cap to $3.56 trillion.
Experts note that if the XRP price rises above $2.56, $3 could be the next big target. Crypto analyst Javon Marks shared a post stating that the token could be on track to surge as high as $9.631,
