XRP rises amid rumours of BlackRock upcoming ETF application
XRP surges 6% amid speculation of BlackRock filing for XRP and Solana ETFs.
XRP surged more than 6% today, trading around $2.46, as investor excitement swelled over speculation that BlackRock could soon file for an ETF for Ripple’s native asset—and even for Solana.
ETF Store President Nate Geraci recently took to X to predict that BlackRock will file for both Solana and XRP ETFs.
“I simply don’t see them allowing competitors to launch ETFs on two of the top five non-stablecoin crypto assets without a fight,” he stated. His remarks have reinvigorated XRP’s bullish outlook, with market sentiment buoyed by the prospect of increased institutional adoption.
Bullish Price Projections for XRP
The renewed optimism has prompted bullish price forecasts from several industry experts. Notable crypto commentator Rose Premium Channels predicted XRP could rally to $5 soon, citing key support levels at $2.1 and $2.2, with further targets at $3 and $4.2 before reaching $5.
Meanwhile, some analysts have hinted at a potential rally pushing XRP to even higher levels, potentially setting a new all-time high if the ETF filings materialize and market conditions remain favorable. The overall crypto market recovery, coupled with increased activity in XRP futures—whose open interest has climbed over 6% to $3.38 billion—further supports these optimistic projections.
Market Reaction and Outlook
Today’s XRP trading volume, although slightly down by 20% to $4.6 billion, did not dampen the sentiment as institutional investors look forward to enhanced liquidity and market participation. With BlackRock already dominating the ETF space for Bitcoin and Ethereum, its potential foray into XRP and Solana ETFs could create a significant shift in the broader crypto market, attracting even more institutional capital.
As traders await confirmation of ETF filings, market watchers remain cautiously optimistic that XRP’s upward momentum will continue, potentially driving its price into double-digit territory over the long term. The unfolding developments underscore the growing convergence of traditional finance and digital assets, a trend that could reshape the future of cryptocurrency investments.
Recently we wrote, that XRP has overtaken Ether (ETH) in fully diluted valuation (FDV), marking a significant shift in the blockchain landscape as decentralized finance (DeFi) adoption on the XRP Ledger gains momentum.
