The growing possibility of an XRP exchange-traded fund (ETF) approval has sparked excitement in the cryptocurrency market, with analysts predicting major price surges if institutional investors start pouring into the ecosystem.
According to some market watchers, an XRP ETF could drive strong bullish momentum, reinforcing key support levels and unlocking new price targets.
Bold Predictions: XRP to $8?
One of the most talked-about projections comes from analyst Dark Defender, who argues that if XRP maintains its critical support level, prices could climb to $8.
Dark Defender: “XRP could reach $8 if it maintains its critical support level.”
With six asset managers currently awaiting SEC approval for XRP ETFs, institutional demand could accelerate buying pressure, potentially fueling this upward trajectory.
Meanwhile, analyst Mikybull Crypto believes that XRP is unlikely to break lower from its current range, reinforcing a strong market outlook.
Mikybull Crypto: “There should be no expectation of downward movement for XRP at current levels.”
XRP to $27? The 2017 Model
While an $8 price target is ambitious, another crypto analyst, Egrag Crypto, believes XRP could rally much higher—potentially hitting $27 if it follows the same trajectory as in 2017.
Egrag Crypto: “XRP could reach $27 by repeating its 2017 model.”
This prediction hinges on historical market cycles, institutional accumulation, and growing adoption of XRP in financial markets.
Ripple’s Expanding Influence
Beyond ETF speculation, Ripple’s recent activities continue to strengthen its market position.
- Ripple’s active buying strategy is seen as a sign of confidence in XRP’s future.
- Ripple $2 CEO Brad Garlinghouse’s role in the U.S. Crypto Advisory Council is viewed as a positive regulatory development.
With institutional interest on the rise and Ripple expanding its influence, XRP remains a hot topic among investors. However, volatility is expected, and regulatory outcomes will play a major role in shaping its future.
For now, all eyes are on the SEC’s decision—and whether an XRP ETF could be the catalyst that sends prices soaring.