Pundit Predicts XRP Price When the First Wave of XRP ETFs Kicks In
Main Idea
Crypto analyst Kenny Nguyen predicts XRP's price could reach $22-$50 upon the launch of spot XRP ETFs in the U.S., driven by potential market inflows and structural advantages.
Key Points
1. Kenny Nguyen forecasts XRP's price could surge to $22-$50 (607%-1,500% increase) when spot XRP ETFs launch, raising its market cap to $1.3-$3 trillion.
2. Spot XRP ETFs could attract investors due to XRP's lack of staking, eliminating opportunity costs and simplifying regulated exposure.
3. Market models estimate XRP's price at $26 (272x multiplier) or $30 (35% of Bitcoin ETF inflows), with smaller inflows still supporting significant gains.
4. XRP's ETF performance may differ from Bitcoin or Ethereum, depending on investor sentiment and capital allocation post-launch.
5. Bloomberg analysts estimate a 95% chance of U.S. approval for spot XRP ETFs, with major firms like Grayscale and 21Shares awaiting an SEC decision by October.
Description
Crypto analyst Kenny Nguyen has outlined a bold projection for XRP’s price in light of the anticipated launch of spot XRP exchange-traded funds (ETFs) in the United States. In a post shared today, Nguyen stated that XRP “SHOULD BE AROUND $22 – $50” when the initial wave of these ETF products begins trading. With XRP currently valued at around $3.10, Nguyen’s forecast would represent a substantial price increase of 607% to over 1,500% from current levels. At those price points, XRP’s market capit...
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