The post XRP Price ATH Soon? JPMorgan Predicts $8 Billion Jump for XRP ETFs appeared first on Coinpedia Fintech News
What if XRP exchange-traded funds (ETFs) could attract billions of dollars in investments, potentially sending its price skyrocketing by 30%? This isn’t just a dream – it’s a major prediction from JPMorgan that is gaining serious traction.
Even more intriguing, a leading Bloomberg analyst is backing this bold forecast, suggesting that XRP’s future in the ETF market could be much bigger than anyone anticipated.
Could this be the moment XRP breaks its all-time high?
JPMorgan’s Bold ETF Forecast for XRP
JPMorgan recently predicted that XRP ETFs could attract between $3 billion and $8 billion in investments during their first year. This prediction has sparked attention across the cryptocurrency world.
And it’s not just JPMorgan making these claims—Eric Balchunas, a senior ETF analyst at Bloomberg, has agreed, calling JPMorgan’s estimate a “pretty reasonable guess.”
His endorsement brings additional credibility to the optimistic outlook for XRP and other altcoins like Solana, which are expected to benefit from a similar wave of investment once their respective ETFs launch.
Solana and XRP: Next in Line for Big ETF Growth?
Bitcoin ETFs have done well in 2024, and now experts believe altcoins like XRP and Solana could experience a similar investment surge.
JPMorgan’s report suggests that XRP ETFs could capture 3% to 6% of the market, bringing in $3 billion to $8 billion in the first year. Solana’s ETFs could see $3 billion to $5 billion in investments in their first year as well.
These predictions are based on the success of Bitcoin and Ethereum ETFs, which have seen Bitcoin ETFs grow to about $108 billion in assets, or around 6% of Bitcoin’s market cap. With this track record, XRP and Solana ETFs are expected to follow a similar pattern.
Political Support Could Speed Up ETF Approvals
Despite the excitement, there are still regulatory hurdles that could delay the approval of XRP and Solana ETFs. However, JPMorgan remains hopeful these ETFs will be approved by 2025, especially with President-elect Donald Trump’s crypto-friendly stance and the possible nomination of Paul Atkins for SEC chair.
With this kind of political support, many analysts believe the approval process might move faster than expected.
XRP Price Predictions
According to JPMorgan’s forecasts, the success of XRP ETFs could lead to a major price surge. Analysts predict a 30% increase in XRP’s price by the end of January, fueled by the influx of investments.
If these ETFs attract billions, XRP’s market cap could rise significantly, setting the stage for even higher gains, potentially reaching around $3.82.
The road ahead for XRP is filled with promise, and the coming months may reveal whether it can truly break new price records.