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Highlights
- XRP price is poised for a massive rally if spot Ripple ETFs secure regulatory approval and start trading in the US.
- According to JPMorgan estimates, XRP ETFs will secure $8 billion in inflows and possibly outperform Ethereum.
- A top trader noted that with such inflows, XRP price could rally past $15.
XRP price is at a pivotal point as the SEC draws near to making a decision on spot ETF filings. JPMorgan estimates that these products could amass up to $8 billion in inflows, suggesting they are likely to receive high institutional interest. If the ETFs attain this target, how high would XRP rally? Let’s explore.
XRP Price Forecast if Ripple ETFs Attract $8B Inflows
The Ripple community is optimistic that the swearing in of the new SEC Chair, Paul Atkins, will increase the chances of an XRP ETF approval. These ETFs will draw massive institutional interest and possibly lead to XRP price adding a zero.
According to JPMorgan, the ETFs will amass inflows of around $8 billion, or reach 3% to 6% of the total XRP market cap. If they attain $8 billion in inflows within a year, they will outperform Ethereum ETFs, whose net inflows stand at $2.2 billion since launching in July 2024.
Analyst Zach Realtor used the market cap multiplier theory to predict an XRP rally to $15 if the inflows reach $4 billion. He noted that with these inflows and a circulating supply of 60 billion tokens, the XRP price could reach $15. This means that with $8 million inflows, XRP could easily hit $30 and attain a $1.8 trillion market cap.
Standard Chartered had earlier predicted that XRP price may surge to as high as $12 if the SEC approves a spot Ripple ETF. As Coingape previously reported, the investment bank believes this rally will be fueled by the ETF products.
The recently launched XRP leverage ETF product by Teucrium suggests that institutional interest in XRP is notably high. This ETF has amassed $27M in net assets despite launching last week. This further supports the thesis that ETF products will be a key driver for a bullish XRP price prediction.
Ripple Technical Analysis as It Consolidates Within Wedge Pattern
XRP price today trades at $2.08 with a slight 0.6% gain in 24 hours. Top market analyst VipRoseTr noted that the altcoin is consolidating within a falling wedge pattern. This pattern often suggests that an asset’s trend is about to flip from bearish to bullish.
VipRoseTr observed that if the XRP price can successfully defend the support level near $2, a bullish breakout is likely to happen. Breaking this support level will then pave the way for the Ripple price to target $2.90. Breaking this level will stir an uptrend past $3.28 to an all-time high of $3.76.
To sum up, JPMorgan’s estimate for $8 billion inflows to spot XRP ETFs suggests that the price might rally to $15. Additionally, the 2-day chart hints towards a near-term rally to all-time highs. Considering these factors, the XRP price prediction supports bullish signs and possible gains in the future.
Frequently Asked Questions (FAQs)
1. How high will XRP go if Ripple ETFs are approved?
2. Will XRP ETFs amass $8 billion inflows?
3. What is the short-term target for Ripple price?
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