XRP price is sitting at around $2.92 today, down just over 1%. On the surface, that doesn’t look like much. But when you dig into it, there’s a mix of whale selling, SEC delays, and ETF speculation shaping the story.
And it leaves us with one big question: what happens if BlackRock, the king of ETFs, decides to file for an XRP ETF?
Why XRP Price Dropped Today
The biggest reason for today’s slip was whales moving their bags. Between August 18 and 20, large wallets holding 10 to 100 million XRP offloaded 470 million tokens, worth around $1.35 billion. That’s the biggest sell-off since July’s 660 million XRP dump that sent the price down 10%.
Naturally, this triggered liquidations. More than $31 million in long positions were wiped out in the $2.90–$3.00 zone as traders got caught on the wrong side of the move.
At the same time, the SEC didn’t do XRP any favors. Regulators delayed decisions on several XRP ETF applications, including Grayscale’s, until October 19. Analysts like Nate Geraci still think approval is a matter of “when, not if,” but the delay cooled short-term hype.
There is a silver lining, though. The CLARITY Act is moving forward in Congress and awaits a Senate vote. If it passes, XRP price could finally shake off its regulatory fog once and for all.
What If BlackRock Files for a Ripple ETF?
Now here’s where things get interesting. BlackRock already leads the ETF game with Bitcoin and Ethereum products. If they were to file for an XRP ETF, it would send shockwaves through the market.
Even just the filing would probably light a fire under XRP. Traders front-running institutional demand could push the XRP price to $4–$5 pretty quickly.
If the ETF gets approved, that’s a whole different ballgame. Institutional investors who’ve been waiting on the sidelines, pension funds, wealth managers, and traditional allocators would finally have a regulated way to buy XRP.
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That kind of capital could easily drive XRP price back toward $7–$10, maybe even challenge the old highs near $10.
And what about in the ultra-bull scenario? $15 to $20 valuation range in the ensuing bull cycle. Such an expansion would set XRP on the level of a trillion-dollar market cap, putting it alongside Bitcoin and Ethereum in the crypto stratosphere’s high-end bracket..
Final Thoughts
For now, the XRP price is stuck between whale sell pressure and regulatory delays. But if BlackRock ever steps into the picture, the story changes instantly. A simple filing could pump the price, while full approval would open the floodgates for institutional money.
Today’s price action at $2.92 feels like a small dip. But zoom out, and the “BlackRock scenario” could make XRP one of the most explosive assets of the next few years.
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The post Here’s the XRP Price if BlackRock Files for a Ripple ETF appeared first on CaptainAltcoin.
