Key Insights:
- XRP price dropped to around $2.80 after four consecutive daily losses at press time.
- SEC approval of Generic Listing Standards opened doors for spot-crypto ETFs.
- BlackRock’s possible XRP trust filing could reshape institutional adoption.
XRP price extended its losing streak straight into the fourth day. Price stood near $2.81 at press time. XRP fell 5.67% in the past 24 hours, while 5.4% over the past week, and around 7.51% across the last month.
For XRP traders ETF developments, BlackRock’s role, and Ripple’s regulatory shift could be the top catalysts in shaping XRP price predictions.
XRP price slips but technical levels hold
XRP price decline followed profit-taking after a brief move above $3.10 last week. The king crypto, Bitcoin (BTC) also fell under $115,000, dragging sentiment across the crypto market.
Pro-crypto lawyer Bill Morgan said XRP remained tied to BTC’s broader trend. He added that regulatory and institutional progress could counter near-term weakness.
Chart data showed XRP support levels around $2.80 and $2.50. Resistance levels were near $3.20 and $3.33, with the all-time high standing close to $3.84. Traders described the current price action as consolidation before a potential breakout.
BlackRock’s potential XRP trust in focus
The SEC recently approved Generic Listing Standards (GLS) for commodity-based trust shares. This allowed exchanges such as Nasdaq and NYSE to list spot-crypto ETFs without additional SEC review.
Nate Geraci, president at NovaDius Wealth Management, shared analysis from Matt Hougan, CIO of Bitwise Asset Management. Hougan noted how ETF issuance expanded sharply after a similar regulatory shift in 2019. Geraci said the GLS approval could trigger a similar cycle in the crypto market.
BlackRock already dominated Bitcoin and Ethereum spot ETFs. Its iShares Bitcoin Trust saw inflows above $60 Billion, while its iShares Ethereum Trust pulled in more than $13 Billion. Fidelity trailed with inflows around $12 Billion for BTC and nearly $3 Billion for ETH.
Analysts said a filing for an iShares XRP Trust could be significant. BlackRock managed over $3.6 Trillion in ETFs at the end of 2024, and even limited exposure could reshape XRP liquidity.
Ripple’s regulatory efforts may shift demand
Ripple’s plans extended beyond ETFs. The company pursued a U.S. bank license, which would give it direct access to traditional financial infrastructure. At the same time, lawmakers debated the Market Structure Bill, which aimed to clarify rules for digital assets.
If successful, these efforts could boost XRP’s credibility with financial institutions. Market watchers also noted Ripple’s rivalry with SWIFT in global payments. A shift in remittance flows toward Ripple’s network could expand use cases for XRP as a settlement token.
The bearish scenario included weak inflows into existing trusts such as BITW, GDLC, and XRPR. It also included possible SEC rejections of XRP ETF filings, delays in Ripple’s bank license, and continued dominance by SWIFT. Analysts said such conditions could push XRP closer to $2.80 and expose $2.50 as the next key level.
The bullish scenario depended on strong institutional flows, an iShares XRP Trust filing, and approval of XRP spot ETFs. Ripple securing a bank license and lawmakers passing the Market Structure Bill could strengthen momentum. In this case, the XRP price could reclaim $3.20, retest $3.33, and challenge the record high of $3.84.
What traders may watch next
The balance between institutional adoption and regulatory clarity appeared central to XRP’s outlook. At press time, XRP traded around $2.80 after four consecutive daily losses and deeper declines across the week and month.
ETF filings, Ripple’s licensing progress, and competition with SWIFT were likely to define the next move. Analysts said any signal from BlackRock regarding an iShares XRP Trust could carry outsized weight compared to retail flows.
The XRP price remained pinned near key levels. Whether it broke below $2.80 or moved above $3.20 would depend on how these catalysts unfolded.