As XRP eagerly anticipates the long-awaited ETF approval, financial analysts suggest that much of this anticipation has already been priced into its current value. While the ETF launch is expected to stimulate institutional interest, its immediate impact on the altcoin may remain limited.
Much of the ETF Approval Is Already Priced In
On the Paul Barron Podcast, financial analyst Lewis Jackson highlighted that numerous institutional investors have been accumulating XRP for months, anticipating the possible ETF approval. This consistent demand has significantly contributed to the current price strength, with Jackson estimating that approximately 75% of the potential price movement could have already occurred by the time the ETF is approved.
While not foreseeing an immediate spike in XRP’s value, Jackson predicts that ongoing demand could stabilize the price between $9 and $11. He draws parallels with the gradual price rise observed in Ethereum ETFs post-approval, suggesting a similar upward trend could follow the XRP ETF rather than abrupt buying waves.
Jackson emphasizes that while XRP might have a subdued start post-ETF launch, sustained institutional funding could enable a steady price increment over the long term.
Exaggeration or a New Beginning?
A faction of market experts believes the hype around XRP’s ETF approval might be exaggerated. Given Ripple’s history of losing momentum after significant news, the cyclical nature may repeat. Additionally, ecosystems like Solana and Ethereum continue to attract more institutional capital.
Conversely, other analysts see the ETF approval as heralding an institutional era for XRP. With fund managers seeking diversification beyond Bitcoin and Ethereum, XRP’s liquidity, trading volume, and reduced regulatory uncertainties could present an attractive proposition.
Jackson envisions a surge in demand could propel XRP to double-digit prices, cautioning, “Everything depends on the depth of institutional demand once ETFs start trading.”