Analyst Predicts XRP’s Explosive Jump From $2 to $10 in Under 12 Months, Fueled by ETF Demand
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New XRP investment funds have absorbed over 506 million XRP, creating a potential supply squeeze. Analyst Chad Steingraber predicts XRP could rise from $2 to $10 within a year due to strong demand from spot crypto ETFs. XRP has rapidly reached $1 billion in AUM, the fastest for any US spot ETF.
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- Analyst Chad Steingraber said that new XRP investment funds have already taken hundreds of millions of dollars’ worth of XRP off the open market
- ETFs absorbed over 506 million XRP in under a month, creating a strong foundation for a supply squeeze and repricing potential
- Brad Garlinghouse stated that XRP became the fastest US spot crypto ETF to hit $1 billion in AUM
Analyst Chad Steingraber publicly predicted that XRP could rise from about $2 to $10 in less than a year, driven by strong demand from newly launched spot-XRP ETFs and technical chart patterns.
According to his findings, new XRP investment funds have already taken hundreds of millions of dollars’ worth of XRP off the open market. This large-scale buying reduces the coins readily available for trade, creating a scenario where rising demand could significantly push the price higher.
Related: XRP Supply…
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