- XRP is gaining bullish momentum amid growing speculation that BlackRock may soon file for a spot XRP ETF, pushing the token toward a potential breakout above $3.
- With rising fund inflows, regulatory clarity, and institutional interest, analysts believe XRP could surge as high as $9.63 in the coming months.
Analysts now believe a breakout above the critical $3 resistance level is within reach, possibly setting the stage for even higher gains.
The growing excitement stems from reports that BlackRock, the world’s largest asset manager, may soon file for an XRP spot ETF. While no official filing has been made yet, insiders suggest that applications for both XRP and Solana (SOL) ETFs are imminent, especially as Ripple’s long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) approaches resolution.
The SEC and Ripple recently met to discuss dismissing the cross-appeal, potentially removing the final regulatory hurdle for institutional adoption.
The anticipation of BlackRock’s entry is not just speculative. It is backed by visible market signals. For instance, the ProShares Ultra XRP ETF (UXRP) was recently added to the Depository Trust & Clearing Corporation (DTCC) product list, a strong sign that financial infrastructure is aligning to support more XRP-focused ETFs.
Adding to the excitement, Donald Trump’s Truth Social platform has filed for a “Crypto Blue Chip ETF,” which includes XRP among its primary holdings. Meanwhile, the Teucrium 2X Long Daily XRP ETF (XXRP) has consistently attracted capital, nearing $160 million in assets despite a high 1.89% expense ratio, far above the typical ETF average. This signals persistent demand from high-conviction investors.
JPMorgan analysts have further fueled bullish sentiment by predicting that spot XRP ETFs could be approved later this year. They estimate up to $8 billion could flow into these products within the first 12 months, which would significantly impact XRP’s price by drawing capital from larger, more established digital assets like Bitcoin and Ethereum.
Technical analysts are equally optimistic. If XRP clears the $2.56 resistance zone, the path to $3 becomes clearer. Crypto analyst Javon Marks has projected a potential surge to $9.631, a staggering 251% increase from current levels, provided bullish momentum is sustained.
However, caution remains. A drop below $2.50 could push XRP back to support levels at $2.40 or $2.30. Still, with ETF rumors gaining traction and capital steadily flowing into XRP-linked products, the market’s mood strongly favors further upside.
