Bitcoin and altcoinXRP market falls sharply amid tensions between Iran and Israel Bitwise It was revived with Asset Management’s Delaware filing.
This move by Bitwise XRP ETFIf approved, this would be the first XRP ETF for the US market.
While investors are excited about a possible XRP ETF, they are also trying to predict how this approval might affect the XRP price in the future.
At this point, experts state that after the approval of the XRP ETF, the price of XRP will be greatly affected, especially if it attracts inflows similar to Bitcoin’s inflow of more than 40 billion dollars.
In his post on his Sistine Research X account, he said that if an XRP ETF is approved, the situation will not be the same as BTC and ETH.
It was stated that there will be no Graysacale outflows in XRP and no downward pressure resulting from these outflows.
At this point, it is evaluated that XRP ETFs may become more attractive for investors, and it is estimated that XRP’s price may experience a more sustainable increase since it does not have Grayscale exit pressure.
Experts speaking to CoinGape recently predicted that if an XRP ETF were approved, the price of XRP could explode, and a similar inflow of over $40 billion could increase the price of XRP by 150%, given the current XRP market cap of $34 billion.
At this point experts XRP While adding that the increase in price could reach up to 300%, under these scenarios, the XRP price could reach up to 1.5 and 2.45 dollars respectively.
These prices are just an estimate and there is no certainty. Even if the XRP ETF is approved, the XRP price may experience a larger increase or a large decrease, given the market conditions at that time. At this point, do not make your investment decisions based on a single prediction, data or signal. These estimates have a margin of error and cannot be said to be 100% accurate.
*This is not investment advice.
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