XRP price increased exponentially in 2024, a major milestone for this cryptocurrency amid the SEC vs. Ripple battles and years-long consolidation. Interestingly, the crypto market rally with Trump’s win has affected this struggling token positively, as it is currently trading at $2.41 after achieving a seven-year high of $2.84 at the beginning of the month. With Trump becoming a pro-crypto supporter, Bitcoin achieved the biggest push in the previous month, further fueling the rest of the crypto assets. However, this is just the beginning, as the XRP ETF approval might push the token even higher, as this will bring increased accessibility for newer investors and create scarcity for the token, along with increasing its adoption. As a result, FOMO could propel the Ripple token price to $10 or even higher. Why XRP Price Could Jump With XRP ETF Launch? Until now, the two crypto assets spot ETFs are functioning and gaining momentum among investors. The Bitcoin ETF, which got the SEC’s approval in January, has played the biggest role in pushing the Bitcoin price to ATH of $106.4k. However, it took some time for the market to react to this news, as Bitcoin price dropped with BTC ETF inflows as investments flocked to exchange-traded funds. Regardless, the correlation builds between the two with time, pushing each other to new highs. Even now, the Bitcoin price is on a bullish trajectory, as it hit the ATH of $106,488.25 just a few hours ago. At the same time, Bitcoin ETF gained a weekly net inflow of $2.17 billion, confirming this theory. With that, the experts believe that the Bitcoin ETF AUM can Surpass Gold ETF by year-end. The same happened with Ethereum ETF as before the trading began for this ETF, the Ethereum price remained relatively stagnant with slight volatility, but after the approval in July 2024, the price began to move steadily with the increased inflows in the Ethereum exchange-traded funds. Although many factors contributed to these token’s growth, the inflows and price charts had similar trends. Even at present, Ethereum is following a bullish trajectory, currently trading at $3,963.13. At the same time, the Ethereum net inflow came out to $855M over the week, setting a record high for weekly net inflows. The XRP ETF could present similar outcomes, favoring the XRP price similarly. XRP Price To Hit $10 With XRP ETF Inflows XRP struggled for three years under the SEC’s influence, but now things have changed, as the token has grown significantly with Trump’s win and Gary Gensler’s resignation . This news boosted the token significantly, and the same will happen with the XRP ETF due to its institutional demand. The XRP holders have been awaiting this moment since the Ethereum ETF approval. Till now, many major firms like WisdomTree, Bitwise, and 21Shares have filed their application for XRP exchange-traded fund, waiting for the SEC’s approval. Despite the unfavorable relation between the two, the community is anticipating a positive response due to XRP’s top positioning in the market, as this is the fourth biggest crypto. Moreover, considering the monthly inflows for Bitcoin and Ethereum ETFs, the XRP ETF inflows could push the XRP price to $10. In the first month of the Bitcoin ETF launch, it received inflows of $30.18B. Over the three months, it received $217.38B, showcasing exponential growth in adoptions. Similarly, in the first month of the Ethereum ETF launch, the total inflows it received were around $9.28B. In three months, these were $3.81B, comparatively lower. This indicates that the early institutional demand led to a heavy flow in the first month, but it stabilized over time. Based on that, the XRP ETF could witness $1.8B – $2.3B in inflows in the first month and $2.0B – $2.6B over the three months, considering this token’s high price sensitivity and a much smaller market cap in comparison to Bitcoin and Ethereum. As a result, the XRP price might take a slightly bullish turn, pushing it above $3. However, the $10 can only be possible if other factors, like Gensler’s resignation, RLUSD’s successful launch , and the SEC vs. Ripple case ending, align with the ETF launch. ** BREAKING NEWS ** #XRP is destined to be the #1 crypto and the world reserve currency: – Gensler resignation – XRPL meme coins – RLUSD approved – RLUSD launch – XRP ETF launch (Blackrock, etc) – Ripple-SEC case settled – Trump in office – New SEC Chair in… pic.twitter.com/hd6j8fhjYW — Kingdom Coins (@PropheticCoins) December 14, 2024 Final Thoughts The ETF market is growing exponentially with the success of Bitcoin and ETF exchange-traded funds. Now, the XRP exchange-traded fund is next in line, considering its high demand among investors and its recent price growth trajectory, as it hit a seven-year high just recently. With that, the XRP price could hit $3 before $10 after all the bullish factors like a successful RLUSD launch, Ripple vs SEC case conclusion, and better regulation. More importantly, if the XRP ETF inflows follow the Bitcoin and Ethereum ETF trajectory, it could see around $2B in inflows in the first month only. The post Will Ripple’s XRP ETF Launch Propel XRP Price to $10? appeared first on CoinGape .
