Analyst Kenny Nguyen has made a bold price projection for XRP, predicting it could reach between $22 and $50 with the launch of ETFs in the US.
Kenny Nguyen's Forecast for XRP
In a recent post, Nguyen stated that XRP "SHOULD BE AROUND $22 - $50" when the first wave of ETFs starts trading. Currently priced at about $3.10, Nguyen’s forecast suggests an increase of 607% to over 1500% from current levels.
Impact of ETFs on XRP Market
Nguyen's optimism is based on the belief that such ETFs can serve as a gateway for institutional and retail investors to gain regulated access to XRP without the complexities of direct custody. Current expectations for the launch of XRP ETFs mirror developments seen in other major digital assets.
Comparison to Bitcoin and Ethereum
Some analysts see Bitcoin’s market response to ETF approval as a potential benchmark. While Bitcoin experienced a temporary dip on launch day, Ethereum has yet to push the asset to new highs. Observers note that XRP’s trajectory may differ significantly based on investor sentiment.
Should the approval of XRP ETFs occur, Nguyen’s price forecast of $22-$50 will be tested in real market conditions, with inflows being a crucial factor in reaching that threshold.
