While Bitcoin and altcoins have been falling sharply amid tensions between Iran and Israel, the XRP market has been revived by Bitwise Asset Management’s Delaware filing.
While this move by Bitwise is seen as the first step for the XRP ETF, if approved, this will be the first XRP ETF for the US market.
While investors are excited about a possible XRP ETF, they are also trying to predict how such approval could affect the XRP price in the future.
At this point, experts state that the XRP price will be greatly affected after the approval of the XRP ETF, especially if it attracts inflows similar to Bitcoin’s inflow of over $40 billion.
Sistine Research X shared on her account that if an XRP ETF is approved, the situation will not be the same as BTC and ETH.
It was stated that there will be no Graysacale breakouts and downward pressure resulting from these breakouts in XRP.
At this point, it is evaluated that XRP ETFs may become more attractive to investors, and it is estimated that XRP’s price may experience a more sustainable increase due to the lack of Grayscale exit pressure.
Experts speaking to CoinGape recently predicted that if an XRP ETF is approved, the price of XRP could explode, with a similar inflow exceeding $40 billion potentially driving the price of XRP up by 150%, given the current market cap of $34 billion.
At this point, experts add that the increase in the XRP price could reach up to 300%, while in these scenarios, the XRP price could reach up to $ 1.5 and $ 2.45, respectively.
These prices are just estimates and there is no certainty. Even if the XRP ETF is approved, the XRP price may experience a larger increase or a large decrease in the market conditions at that time. At this point, do not make your investment decisions based on a single estimate, data or signal. These estimates have a margin of error and cannot be said to be 100% accurate.
*This is not investment advice.
