Key Insights
- XRP price may be ripe for a strong bullish breakout ahead of the spot XRP ETF approvals by the SEC.
- Crypto.com’s CEO believes these ETFs will have over $8 billion in inflows in the first 12 months.
- Technical analysis suggests the XRP price will have a strong bullish breakout this year.
XRP price may be on the verge of a major bullish breakout as the countdown to the final spot ETF approvals continues. Ripple price was trading at a critical support level of $3. Following this, a senior crypto executive made a bold prediction on inflows of spot XRP ETFs.
XRP ETFs Could Attract $8 Billion in Inflows in the First Year
Kris Marszalek, the CEO of Crypto.com, predicted that these funds may attract about $8 billion in inflows in the first year. This prediction mirrored that of JPMorgan analysts. They also predicted that Solana ETFs would have about $6 Billion in inflows in the first year.
These predictions are bold, especially given the strong performance of spot Ethereum ETFs. They’ve already attracted around $13 billion in inflows just 15 months after their approval. $8 Billion in inflows would represent about 4.4% of the current XRP market capitalization.
In contrast, the current Ethereum ETF inflows account for approximately 2.5% of its market capitalization. The SEC is considering 10 XRP ETFs by companies like Bitwise, Franklin Templeton, WisdomTree, 21Shares, and Canary Capital.
It has set October 18, 19, and 29 as the deadlines for the funds by Grayscale, 21Shares, and Bitwise. The deadline for the other ETFs will be in the following days.
They will likely be approved at once, as it was with Bitcoin and Ethereum ETFs. Approving them individually will likely give the initial ones an advantage. Polymarket says the odds of spot XRP ETFs being approved in October have jumped to over 90%.
XRP price will likely rally this month as investors wait for these approvals and the potential inflows. The funds may also retreat after that as investors sell the news.
The next immediate catalyst for the XRP ETF will be the launch of the Rex-Osprey XRP ETF. This will happen this week. While this is a spot ETF, it is different from those filed by other companies.
For example, this fund is registered under the Investment Company Act of 1940. It will operate as an offshore company outside U.S. jurisdiction.
Ripple USD and RWA Growth are Continuing
The other bullish catalyst for the Ripple price is the network gaining momentum in the stablecoin and the World Asset (RWA) tokenization industry. Most analysts believe that it will be the future of finance.
Data compiled by RWA.xwz shows that the XRP Ledger has become the tenth biggest player in the RWA industry. It has over $294 Million in assets. Its assets have jumped by 10% in the last 30 days, which may continue this year.
The biggest RWA platforms on the XRP Ledger are VERT Capital, RLUSD, and OpenEden Digital. Further, it has become a major player in the stablecoin industry.
It’s a notable thing following the passage of the GENIUS Bill in the US. Ripple USD has gained a market capitalization of over $730 Million, making it one of the fastest-growing stablecoins in the industry.
XRP Price Technical Analysis
Technicals suggest that the XRP price rebound could happen. First, the coin remains above the 100-day Exponential Moving Average (EMA). This has provided it with substantial support since July this year.
Ripple price has also formed a bullish pennant pattern. It comprises a vertical line resembling a flagpole and a triangle pattern. It has now moved above this triangle and is about to retest it. That is a common bullish continuation sign.
XRP price also attempts to move above the upper side of the Ichimoku cloud indicator. This is a common bullish sign. The coin is expected to see a strong bullish breakout ahead of ETF approval.
Technical indicators suggest it may retest the Murrey Math Lines overshoot at $4.2970. This move could signal renewed momentum and investor confidence.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
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