XRP price is on the verge of a bullish breakout as the SEC vs. Ripple lawsuit nears conclusion, paving the way for spot ETF approvals. Wall Street giant JPMorgan estimates that these products will secure $8 billion in inflows. If this happens, how high will the Ripple price 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 $2.07 with a 3% decline 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)
XRP price can rally to as high as $15 if Ripple ETFs are approved. $8 billion inflows to these products may also push the price higher to $30.
According to JPMorgan, XRP ETFs can amass $8 billion in inflows. The recent inflows to the Teucrium XRP leverage ETF suggest that institutional interest in Ripple is high, making the $8 billion target achievable.
The short-term target for XRP price is $2.90. If Ripple can flip this level, it could spark a rally to record highs.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/xrp-price-prediction-if-ripple-etfs-attract-8b-inflows-per-jp-morgan-estimates/
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