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2h ago

XRP Eyes 220% Move as First U.S. Spot ETF Launch and On‑Chain Funds Stoke Bullish Calls

Analysts caution the bullish case depends on convincing inflows from newly opened institutional channels.

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Overview

  • Trader Javon Marks projects a 220–226% rally toward about $9.90, with a path to $20 only if momentum accelerates and holds.
  • Ali Martinez cites a TD Sequential buy signal on shorter time frames as XRP consolidates above $3 and contends with near‑term resistance.
  • The first U.S. spot XRP ETF launched this week, giving investors regulated exposure and reinforcing institutional interest in the token.
  • Rex‑Osprey’s XRPR ETF recorded roughly $37 million in first‑day trading, including $24 million in the first 90 minutes, which Bloomberg’s Eric Balchunas called remarkable.
  • New tokenized investment funds on the XRP Ledger aim to provide faster settlement and liquidity, and Coindoo reports CME is planning XRP‑linked derivatives, signaling a broader market buildout.