Amid new XRP ETFs being filed, Ripple’s native cryptocurrency is picking up steam after a period of consolidation. Many institutional experts are expecting big things from XRP if an ETF arrives this year. After a solid start to the year, the growing popularity amongst XRP ETFs is sending the asset higher. As a result, price predictions are being revised, with some seeing the asset hit as high as $5.
JPMorgan had said earlier this year that an XRP ETF could attract $8 billion in net inflows. Such an achievement would surely benefit the asset’s individual price. With this potential surge, price predictions from several market analysts are coming in higher. One of those comes from crypto analyst Egrag Crypto, who is looking long-term at a 1,000% surge for Ripple’s XRP.
Crypto Analyst Predicts XRP Outperformance, Surging Past $5
EGRAG Crypto notes that the Bull Market Support Band (BMSB), a moving average, indicates that the previously mentioned increase could take place within the next four weeks. would see the asset jump to a $27 price. Although that is increasingly optimistic, there are expectations that Ripple XRP could certainly challenge its all-time high in the coming weeks. This means that $5 and beyond is almost imminent.
With the US SEC acknowledging Litecoin and Solana ETFs, institutions are noticing the potential of XRP and a corresponding ETF. If this vision materializes, XRP could gain significant price momentum, soaring to new highs instantly.
Furthermore, XRP could potentially skyrocket in value due to the US crypto stockpile developed by President Trump. There are set to be a shot of assets that are included in this stockpile, and XRP will be one of them. Its inclusion will place it in a pole position to surge alongside tokens like Solana (SOL) and Cardano (ADA). However, with increased regulatory outlooks and Ripple’s SEC legal troubles likely to come to an end, there is no doubt it should affect XRP a bit differently than it does its competitors.
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