Crypto market analysts anticipate a significant increase in the XRP price, the native cryptocurrency of Ripple, due to several requests from ETF (negotiated funds) currently being examined. These initiatives could transform the landscape of investment into XRP and attract a substantial influx of institutional capital which could propel XRP up to 1500 %!
XRP soon at $ 27? This technical signal does not deceive
Primary asset management companies, such as 21Shares, Bitwise, Canary Capital and Wisdomtree, have recently made requests to the SEC to launch ETF XRP. These proposals, if approved, would offer investors a regulated exposure to the XRP without requiring direct possession of the crypto. The approval of these ETFs could improve the liquidity of the XRP and stimulate demand, potentially resulting in a significant increase in its price.
EGRAG CRYPTO market analyst therefore provides for an increase of 1,500 % of Ripple price In the next four weeks, based on a technical analysis comparing the current situation to a 2017 fractal. He stresses that the XRP recently touched the “Purple Foundation” and almost reached the “Bull Market Support Band” (BMSB) , indicators which, in 2017, preceded a similar increase of 1,500 % in just one month. If this scheme is repeated, the XRP could reach around $ 27.
Another analyst, Javon Marks, also notes that at that time, after a period of consolidation below its previous historic summit, the XRP had experienced a significant breakthrough, achieving a first target at $ 1.27. If this scenario is reproduced, Marks estimates that the XRP could target a second objective at $ 99, an increase of more than 3,900 % compared to the current levels.
Favorable regulatory developments
These optimistic forecasts are also supported by favorable regulatory developments. The entry into office of President Donald Trump on January 20 has rekindled hopes for more lenient regulations for the crypto industry. In addition, the resignation of Gary Gensler, former president of the SEC, was perceived as a positive signal for the XRP market, taking into account the legal battles in progress between Ripple and the dry since 2020.
The potential approval of ETF XRP, combined with favorable technical analyzes, could therefore propel the price of XRP to new heights in the near future. However, crypto investors must stay on their care because everything can change very quickly in this volatile universe.
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