XRP ETF and Ripple IPO Prediction Ignites $5 XRP Price Target Anticipation – The Crypto Basic

Members of the XRP community are currently predicting whether the coin could soar to $5 in the event of an XRP ETF and possibly a Ripple Labs IPO.

Speculation regarding the price of XRP It has been discussed in the community for many years. Despite consistently trading below $1 since November 2021, XRP proponents argue that the token is worth more than its current valuation.

Amid continued belief that a price surge is imminent, former Ripple Research Director Sean McBride recently sparked a discussion about XRP’s bullish growth potential with his latest dual prediction.

XRP IPO and ETF potential

Given XRP’s status as the sixth largest cryptocurrency, many community members are optimistic that it can attract investment products aligned with Bitcoin (BTC) and Ethereum (ETH), including spot ETFs. ing.

McBride hinted at this possibility, predicting that the community will likely see an XRP ETF later this year, or by 2025 at the latest.

Expectations for an XRP ETF existed even before the approval of a spot Bitcoin ETF in the US. In the fourth quarter of last year, there were false claims for XRP ETFs involving connections with investment management giant BlackRock.

It’s black rock Denied knowledge of the applicationthe response to the application revealed the community’s aspirations, as evidenced by the soaring XRP price at the time.

– Advertisement –

McBride’s prediction echoes statements from Ripple CEO Brad Garlinghouse, who believes that “many ETFs centered around different cryptocurrencies” are inevitable.

Garlinghouse memorably spoke in an interview with Bloomberg, saying that diversification is something of an evolving trend in the industry, so the possibility of acquiring an XRP ETF cannot be ruled out.

Ripple’s IPO plan

Another major cornerstone within the XRP community is the possibility of Ripple Labs going public through an initial public offering (IPO). Amid speculation, Garlinghouse finally testified outside the United States in pursuit of the move.

The lack of regulatory clarity in the U.S. makes the country unattractive for Garlinghouse, and only time will tell whether the company takes action soon.For McBride, the IPO is It is likely to become a reality in 2025.

If these predictions come true, it could send XRP surging towards higher price predictions such as $5. Recall that last month, market analyst EGRAG showed a path for XRP to rise to $5.

With XRP price and market cap pegged at $0.5382 and $29,360,872,719, a $5 target would imply 930% growth from current levels.

Please follow us upon twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.




Sign up to stay informed to breaking news