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XRP Future Price Prediction: ETF Rumors Reignite 10x Bull Case – Here’s What Traders Expect

XRP (XRP) has gone up by nearly 5% in the past month as cryptocurrencies have made a strong comeback from their yearly lows.

Traders’ interest in the token has been improving as open interest has surged from $3 billion to $4 billion – a 33% increase – in the past week.

Meanwhile, the pseudonymous crypto analyst The Cryptonomist, whose X account is followed by nearly 138,000 users, shared an XRP price prediction that could result in a spike to the $2.5 level after the token retested a key trend line support.

However, this forecast pales in comparison to the market’s expectation of what could happen to the price if (or maybe once) an XRP-linked exchange-traded fund (ETF) is approved by the U.S. Securities and Exchange Commission (SEC).

Bloomberg’s ETF expert, Eric Balchunas, shared recently that the odds of approval have surged to 85% as of this year. Seven different asset management companies including Grayscale, Canary, and Bitwise have filed an application for an XRP-linked investment vehicle.