- JPMorgan’s earlier prediction that the XRP ETF could attract $8 billion in its first year could significantly push the XRP price to $8.
- An analyst believes that XRP is repeating a 2017 cycle to record a whopping surge of 1,500% to hit $27.
In a previous article, we discussed the exclusive JPMorgan’s report which estimated that the potential approval of a spot XRP Exchange Traded Fund (ETF) could witness a staggering inflows of between $4-$8 billion in its first year. According to that report, Bitcoin recorded a whopping $108 billion in inflows, representing 6% of its market cap in the first year. Similarly, Ethereum saw $12 billion in assets entering the market, representing 3% of its market cap.
In that report, senior Bloomberg ETF Analyst Eric Balchunas was also reported to have estimated a collective amount of $14 billion in inflows for both Solana and XRP’s ETF in their first 12 months.
JPMorgan is saying that alt-coin ETF will collect $14b inflows in the first year, $3-6b for Solana, and $4-8b for XRP. My team hasn’t made any formal predictions yet but this seems like a pretty reasonable guess.
The odds of approval have also improved significantly under the new US administration as Ripple president Monica Long highlights the possible launch of more crypto ETFs this year. Meanwhile, Balchunas believes that the spot Litecoin (LTC) ETF and the spot Hedera (HBAR) ETF could be approved first before XRP and SOL. As summarized in our earlier news story, his reason is based on the securities status of both SOL and XRP in pending lawsuits. Meanwhile, LTC and HBAR are yet to be flagged under such a category.
Impact of XRP ETF’s Approval on the Price
According to analyst EGRAG CRYPTO, XRP’s ETF approval could see the price surpassing $8 to double digits. In a detailed post, the analyst used the Bull Market Support Band (BMSB) indicator to prove that XRP is currently in a Bull Run. Per his analysis, the asset is currently positioned above the BMSB line.
Also, EGRAG CRYPTO observed that XRP is perfectly following a historical movement. In an accompanying chart, the asset was found to have touched the area marked “the Purple Foundation.” From there, it also reached the BMSB level. Fascinatingly, XRP recorded a 1500% surge in four weeks after this occurrence, targeting Fib 1.618.
#XRP – Double Digits – 1500% Pump ⛽️:
Let’s break down what’s happening with #XRP:
1⃣ Bull Market Support Band (BMSB): This is our key indicator for determining whether we’re in a #BullRun or a #BearMarket. Currently, we’re positioned above the BMSB. I mentioned in a previous… pic.twitter.com/PNB4OmuCN8
— EGRAG CRYPTO (@egragcrypto) February 6, 2025
This cycle, XRP is reported to have already established contact with the BMSB after trending below the Purple Foundation to imitate the 2017 movement. Per his analysis, XRP could record another 1500% surge in four weeks, with the measurement starting from $1.71 to Fib 1.618 at $27.
At press time, XRP was trading at $2.4 after surging by 3.3% in the last 24 hours. According to our recent analysis, XRP has the potential to reach $5.86 in the short term. In the report, we analyzed analyst Dark Defender’s thesis, which used intermediate wave cycles to predict future movement. Per his observation, the asset could target $18.22 in the long term.
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