XRP advocate Jake Claver, managing director of Digital Ascension Group, recently focused on how XRP prices respond to the launch of the Spot ETF.
recently DisclosureClubber expressed his hopes that the XRP Spot ETF will be released this year. In particular, the SEC has postponed decisions regarding submissions from companies such as Grayscale, Franklin and WisdomTree, as predicted.
However, a broader expectation is that these products will be released in the final quarter of 2025, particularly around October, when the final decision deadline is reached around October. With the product being released, Claver pointed out that it expects a price increase for XRP. He is similar to what happened with Bitcoin.
XRP can follow the Bitcoin Pass
In particular, the Bitcoin Spot ETF was launched in January 2024 when Bitcoin was trading around $45,000. The first hype led to a short “Sell the News” event that Bitcoin immersed in the immediate aftermath of its launch.
However, historic priced rally continued, with Bitcoin peaking at over $73,000,000,000,000,000,000,000,000,000,000 in April 2024. This was the first time BTC had insisted on a new ATH half ago. Bitcoin continued to surpass the $10,000 level by the end of the year as Bitcoin ETF accumulated over 1 million btc tokens. BlackRock is leading the price.
Claver believes that a similar scenario could be deployed in XRP. He said that a glimpse of this happened in late 2024 when XRP prices were upside down for the first time in years.
The price transfer coincided with major developments, including repeated news that asset managers are submitting to list XRP ETFs. Bitwise and the Canary capital were one of the first movers to follow by others like Grayscale and Wisdom Tree.
The cooldown from Frenzy brought XRP prices to less than multiple times, but the coins are largely stable around the $2 mark. Supporters believe the official ETF approval announcement will bring new momentum to XRP.
The latest in XRP ETFs
The latest developments from SEC on XRP ETFs are based on regulators. The procedure has begun Decide whether to approve the WisdomTree XRP fund. In a May 27 notice, the SEC said it was assessing whether the proposal complies with statutory laws. Therefore, agents are asking the public to provide their opinions.
The public has 21 days since it was published in the federal register to submit comments and 35 days for rebuttal.
Applications from major industry names already exist, but BlackRock and Fidelity are leaders in Bitcoin Spot ETFs, but none of them exist. As a result, the XRP community is widely anticipating filing. Their involvement could be a game changer for XRP, just like its impact on Bitcoin.
How much is XRP?
Speculations about the potential price performance of XRP after the ETF’s ultimate arrival are widespread.
One theory projects the possibilities of XRP Attract some of the Bitcoin ETF inflowsif US approval occurs.
Since January 2024, Bitcoin ETFs have seen an influx of around $40 billion. If the XRP ETF attracts that 15% ($6 billion) and the 100x inflow-to-value multiplier is applied, XRP’s market capitalization could increase by $600 billion to $715 billion. Specifically, this will bring the price to $12, a 450% increase from the current $2.22.
Meanwhile, analyst Zach Rector We predict that XRP could reach $15 If XRP ETFs attract strong influx. In particular, he used a more aggressive market capitalization multiplier model.
The president is based on JPMorgan’s predictions. estimate The XRP ETF could see an influx of between $4-8 billion in the first year. Using a low $4 billion figure and a 200x market capitalization multiplier, he estimates a $800 billion increase in XRP valuation. Adding this to XRP’s current market capitalization of $125 billion is $925 billion.
These predictions sound promising, but they are based on hypothetical scenarios that may not be realized.