This XRP price prediction examines how a potential XRP ETF approval could act as a major catalyst for significant gains and transform the token’s long-term trajectory.
XRP has risen by 0.2% over the past 24 hours, but the spotlight is on its trading volume, which has nearly tripled following the approval of North America’s first XRP exchange-traded fund (ETF) in Canada.
Canadian regulators have officially approved the Purpose XRP ETF (XRPP), which is set to begin trading tomorrow, offering investors direct exposure to XRP through a regulated investment vehicle.
Additionally, the Evolve XRP ETF (XRP) is expected to begin trading on June 18, joining the Purpose XRP ETF in offering investors exposure to Ripple’s native asset in both Canadian and U.S. dollars.
This marks a significant milestone for the asset management industry in North America, as crypto ETFs are widely viewed as a key driver for accelerating digital asset adoption among both institutional and retail investors.
Canada’s approval of XRP ETFs also boosts optimism for a similar decision from the U.S. Securities and Exchange Commission (SEC), which is currently reviewing multiple pending applications.
These developments support a bullish XRP price outlook, as the launch of more investment vehicles is likely to inject additional liquidity into the token.
XRP Price Prediction: XRP Could Hit $2.08 Before Its Next Leg Up
On the 4-hour chart, XRP has reached a key resistance level at $2.33, which appears to have triggered a notable sell-off. The token now seems to be consolidating, as it lacks immediate catalysts to push the price decisively in either direction.
This week could prove pivotal for XRP, with the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday likely to inject fresh volatility into the markets.
In the short term, XRP may retest the $2.08 support level, as the market seeks liquidity for a potential move higher.
While a $1,000 price target remains highly unrealistic at this stage, growing global adoption of altcoins like XRP could pave the way for a long-term rally into uncharted territory.
In such a scenario, the next logical target would be XRP’s previous all-time high. For XRP, that means a push toward the $3.50 mark in the near future.
Similar to XRP, leading crypto presales such as Bitcoin Hyper (HYPER) present compelling upside potential, driven by strong utility and innovative use cases.
XRP Price Prediction
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