Amid increasing interest from institutional investors and recent ETF launches, predictions regarding XRP's price are becoming more optimistic. Expert XRP Liquidity forecasts a potential increase to $20.
XRP Liquidity Predictions
XRP Liquidity predicts that institutional investors could soon acquire the remaining 1.9 billion XRP currently held by retail investors. If this occurs, the price of the cryptocurrency could soar to $20, representing a 538% increase from its current level of $3.13.
The price may need to surge significantly to incentivize long-term holders to part with their coins.
> "If XRP hits $20, a holder of just 10,000 tokens, worth $31,300 today, would see their investment balloon to $200,000," he noted.
Teucrium's XRP ETF Launch
Recent developments in the ETF space further confirm the growing interest in XRP. Financial firm Teucrium Trading recently launched the first U.S.-listed leveraged XRP ETF under the ticker XXRP, offering investors the chance to gain double daily exposure to XRP's price through swap agreements.
On its first day of trading, the fund recorded around $5 million in volume, making it one of the most successful ETF launches.
XRP's Prospects Amid Growing Institutional Demand
With increasing institutional interest and shrinking available retail supply, XRP may enter a new era. XRP community member Vincent Van Code stated that the ETF's success is indicative of the token's march toward mainstream financial adoption. Given these developments, many analysts are beginning to view $20 as a real target.
Growing institutional interest and the successful launch of the XRP ETF may lead to significant market changes. Price predictions of $20 are capturing the attention of both investors and analysts.
