The recent launch of several XRP ETFs has sparked a new wave of speculation in the crypto market. Analysts and investors are assessing the potential impact of these products on XRP’s price trajectory. While some analysts forecast a significant surge, others point to the uncertainties of current market conditions.
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Analyst: XRP to $10 #
Analyst Chad Steingraber published an analysis on X, stating that since the launch of various XRP ETFs, approximately 506 million XRP have been taken into these funds in less than a month. According to data from SoSoValue, this represents about 0.75% of all XRP in circulation. Steingraber views this inflow as a sign of strong institutional interest, which he believes could lead to a new phase of price discovery.
He predicts that the price of XRP could rise from around $2 to $10 within a year. For comparison, he points to the development of Bitcoin, which took about two years to double in value after the introduction of the first Bitcoin ETFs. He believes XRP could achieve this growth significantly faster.
Comparisons with 2017 #
Other analysts are also making optimistic forecasts. John Squire referenced price patterns from the 2017 bull market on X. According to him, the current XRP price chart shows similarities to that period, during which the token rose by over 7,000%. Based on this, he considers a price above $10 to be possible. If XRP were to experience a rally of a similar magnitude again, its price could even climb to $100 to $150 per token, according to his calculations.
Context and Caveats #
However, such comparisons should be put into perspective. The market of 2017–2018 differed significantly from current conditions, both in terms of liquidity and institutional involvement. While some investors believe the period following the recent Bitcoin halving is historically favorable for crypto, others point out that the influx of institutional capital could alter traditional market cycle dynamics.
How the value of XRP will actually develop therefore remains uncertain. The coming period will reveal to what extent these optimistic scenarios hold true.