The race to get the first XRP ETF approved is officially on. The investment vehicle is what put Bitcoin on its six-figure pace in 2024, and many are expecting bigger things from Ripple’s native cryptocurrency. Chief among them is JPMorgan, who has said the product could attract $8 billion in net inflows, but can it push XRP to an $8 price?
The token ended this week, reversing a notable downturn. Indeed, it fell alongside much of the cryptocurrency market, with geopolitical tensions driving increased economic uncertainty. However, that has not ceased interest in more crypto-based ETFs in the US. Moreover, it could see XRP as one of the big winners in 2025.
Also Read: Ripple: Two Reasons XRP Can be the Best-Performing Crypto of 2025
JPMorgan Says XRP ETF Will Be a Hit: So What Does That Mean for Its Price?
Entering 2025, there were few cryptocurrencies that had the kind of potential that XRP had. The asset had struggled with years of legal battles against the US Securities and Exchange Commission (SEC). However, that was set to change with the arrival of the first pro-crypto president in the country’s history, Donald Trump.
The continued overhaul of the nation’s crypto policy has reignited hope for yet another crypto-based ETF in this country. Now, Ripple has emerged as a favorite with the race for the XRP ETF ongoing. If it is approved, one institution believes it could be a game changer.
Also Read: XRP ETF to Drive Price to $4.50? Here’s What Experts Are Saying
JPMorgan had said earlier this year that an XRP ETF could attract $8 billion in net inflows. However, the more important question is, just how will that impact XRP? Specifically, could XRP be looking to reach an $8 high over the course of the year?
That mark would double its all-time high, but there are market experts who certainly think so. Although the token has fallen below $3 to end the week, according to CoinMarketCap, some analysts believe that a 1,500% increase could be in store.
In an analysis done by EGRAG Crypto, he noted that the Bull Market Support Band (BMSB), a moving average, indicates that the previously mentioned increase could take place within the net four weeks. Indeed, the move would mirror the 2017 fractal. Specifically, it would see the asset jump to a $27 price. Although that is increasingly optimistic, there are expectations that XRP could certainly challenge its all-time high in the coming weeks.
