Crypto influencers on X are discussing the potential rise of XRP's price to $6, despite the lack of an official BlackRock ETF application.
XRP Price Discussion on Platform X
The $6 target price for XRP is actively discussed by crypto influencers on platform X. However, despite the growing interest, there has been no official BlackRock ETF filing. This topic is based on speculative commentary rather than confirmed regulatory or institutional actions.
Impact of Speculation on Market Sentiment
The discussion around the XRP ETF could potentially influence investor sentiment regarding other major cryptocurrencies like Bitcoin and Ethereum. However, on-chain data does not confirm any links between market movement and BlackRock's ETF actions. Speculative narratives generated by influencers may impact asset prices, but the absence of formal filings or approvals from regulators limits the influence on institutional investment strategies.
Ripple's Focus on Other Strategic Areas
Ripple's leadership maintains a focus on institutional partnerships and cross-border payment solutions. Currently, there is no official roadmap referencing an XRP ETF, emphasizing the speculative nature of ongoing discussions. Unlike the case with Bitcoin and Ethereum, which saw significant institutional engagement after ETF approvals, the situation with XRP remains largely speculative.
While discussions around XRP's price and potential ETF continue, the key factor remains the absence of official filings and approvals that could substantially impact institutional investments.
