XRP Could Reach $5 This Year as ETF Demand Soars and Analysts Signal Upside
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- The XRP/USD pair is currently retesting its 2021 peak as a support level.
- The supportive macroeconomic backdrop amid notable capital inflow to spot XRP ETFs may trigger a bullish rebound soon.
- BlackRock and Fidelity may eventually cave into the rising demand for XRP to offer a spot ETF.
The odds of XRP price catapulting to $5 by the end of this year are high. According to X user Arthur, the rising demand for XRP by Wall Street investors through the newly launched spot exchange-traded funds (ETFs) is a major bullish factor for traders to consider before engaging in panic selling.
Furthermore, XRP price has dropped around 30% in the past four weeks to retest a crucial support level around $1.9 amid extreme fear of further capitulation.
Source: TradingView
Year-to-date, the XRP price has retested and rebounded from the support level around $1.9 at least fou…
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