- XRP jumped over 6% amid growing speculation of a BlackRock spot XRP ETF filing and steady fund inflows across XRP-focused investment products.
- XRP ETFs, if approved, could attract up to $8 billion in the first year, positioning XRP for significant market capitalization growth.
- The SEC and Ripple lawsuit’s expected resolution may accelerate ETF approvals, unlocking potential new demand from institutional investors.
XRP surged again today, gaining more than 6.1% following a 4.83% rise the day before. The rally continues as market speculation grows around a possible spot XRP ETF filing by BlackRock. The increased activity in the XRP market has pushed the total cryptocurrency market capitalization above $3.56 trillion.
There has been no official filing yet from BlackRock, but sources suggest applications for both XRP and Solana ETFs may be imminent. The increased attention follows recent developments in Ripple’s legal dispute with the U.S. Securities and Exchange Commission. A meeting regarding the dismissal of the cross-appeal signals that the case may be nearing resolution.
Institutional Interest Expands Ahead of Legal Resolution
Beyond rumors, financial activity is reflecting real interest in XRP. The Teucrium 2X Long Daily XRP ETF (XXRP), launched in April, has recorded consistent inflows and is nearing $160 million in assets. This comes despite its relatively high expense ratio of 1.89%, suggesting that investors are positioning themselves in anticipation of potential ETF announcements.
According to analysts at JPMorgan, spot XRP ETFs could receive up to $8 billion in their first year if approved. This capital movement is expected to significantly influence XRP pricing, especially as investors diversify away from major tokens into alternative assets like XRP.
The possibility of inclusion in a broader ‘Crypto Blue Chip ETF’ filed by Trump’s Truth Social further reinforces institutional interest.
DTCC Listing Adds to Momentum
Recent additions to the DTCC product list, including the ProShares Ultra XRP ETF (UXRP), indicate further steps toward market readiness. Analysts are watching XRP’s technical levels closely, with many citing $2.56 as a critical point. A successful break above that could see XRP challenge the $3 mark soon.
Technical analysts have projected higher targets. Crypto expert Javon Marks estimates XRP could rise as high as $9.631 in the near term, representing a possible 251% increase. However, analysts stress that continued inflows and clarity around ETF approval will be key to maintaining this trajectory.
