XRP has captured $200 million in institutional investments as ETF approval speculation drives renewed market interest, according to recent market analysis reports.
Analysts indicate traders are strategically focusing on the $2.8 to $3.5 price range for potential trading opportunities, anticipating upward momentum. The approval of an XRP exchange-traded fund is widely viewed as a critical catalyst that could accelerate price growth, with optimistic forecasts projecting targets as high as $5.
Market data reveals XRP maintains significant correlation (0.877) with broader cryptocurrency trends, indicating susceptibility to overall market movements despite token-specific developments. However, this momentum faces challenges with BlackRock explicitly stating it currently has no plans to pursue XRP or Solana ETF applications.