XRP May Approach $3 Amid Growing Speculation of BlackRock Spot ETF Filing

Key Points

1. BlackRock, the world's largest asset manager, may file for a spot XRP ETF, potentially driving XRP's price beyond $3.

2. Ripple's legal dispute with the SEC has seen progress, reigniting investor confidence and paving the way for potential ETF approval.

3. Institutional interest in XRP is growing, with the DTCC adding the ProShares Ultra XRP ETF (UXRP) to its product list and a 'Crypto Blue Chip ETF' including XRP as a core holding.

4. The Teucrium 2X Long Daily XRP ETF (XXRP) has attracted nearly $160 million in assets, reflecting strong investor demand for leveraged XRP exposure.

5. Analysts estimate that spot XRP ETFs could attract $2-4 billion in inflows within the first year, significantly boosting XRP's market capitalization.