Cryptocurrency market analysts are reporting increased interest in XRP in light of expected approvals for various ETFs, which could significantly impact its price.
Analysis of XRP's Potential
According to industry analyst Armando Pantoja, such a move could unlock over $100 billion in fresh capital for XRP, setting the stage for major price action.
Impact of ETFs on XRP
The launch of ProShares' Ultra XRP, Short XRP, and Ultra Short XRP ETFs marks an important step forward. These products are similar to those that were previously approved for Bitcoin and Ethereum and could pave the way for institutional engagement with XRP. However, it is important to note that futures ETFs themselves do not create real demand for the tokens.
Future of XRP and Predictions
Attention is also turning to several pending spot XRP ETF applications, including proposals from Grayscale and 21Shares, with decisions expected later this year. Internationally, Hashdex recently launched the first XRP ETF in Brazil. In prediction markets like Polymarket, the odds of U.S. approval in 2025 are currently running high at 76%.
Considering the above, many experts believe that XRP is poised for a new developmental phase due to institutional interest and expectations surrounding ETFs.
