#XRP

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𝙓𝙍𝙋 𝙀𝙮𝙚𝙨 $3 𝘽𝙧𝙚𝙖𝙠𝙤𝙪𝙩 𝘼𝙢𝙞𝙙 𝙍𝙞𝙨𝙞𝙣𝙜 𝘽𝙡𝙖𝙘𝙠𝙍𝙤𝙘𝙠 𝙀𝙏𝙁 𝙎𝙥𝙚𝙘𝙪𝙡𝙖𝙩𝙞𝙤𝙣

XRP could be set for a breakout above the $3 mark as speculation that BlackRock may soon file for an XRP-spot ETF rises. Experts believe this could lead to increased interest from major investors, potentially driving new adoptions that could alter XRP’s trajectory.

The XRP price has recorded spectacular gains as speculation over a BlackRock-backed XRP ETF intensified, suggesting bullish momentum. This also aligns with the meeting between the SEC and Ripple regarding the dismissal of the company’s cross-appeal, ultimately bringing the lawsuit to a close.

While BlackRock has not yet formally filed, insiders suggest that applications for both XRP and Solana (SOL) ETFs could arrive at any moment. An end to Ripple’s legal battle with the SEC is seen as the likely trigger that could expedite approval and unlock Wall Street demand.

Notably, JPMorgan analysts predict that spot XRP exchange-traded funds (ETFs) might be approved later this year. They estimate these ETFs could attract up to $8 billion in funding within the first year. If this happens, it could greatly increase the price of XRP as money moves from larger assets into alternatives.

The XRP price has surged by 6.1% in the early hours of today, after a 4.83% rally the previous day. This performance outpaced the broader crypto market’s 4.53% gain, raising the total crypto market cap to $3.56 trillion.

Experts note that if the XRP price rises above $2.56, $3 could be the next big target. Crypto analyst Javon Marks shared a post stating that the token could be on track to surge as high as $9.631, representing a 251% increase from its current levels.

Conversely, a slip below $2.50 could expose the altcoin to downside support levels at $2.40 and then $2.30. Yet, with BlackRock ETF speculation building and inflows to existing funds increasing, sentiment appears to favor the upside.