XRP Jumps 7% to $2.60 with $9.63 Target Amid BlackRock ETF Speculation

Sean Williams
XRP

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Key Takeaways

  • XRP price surges 7% to $2.60 amid Bitcoin’s record-breaking rally.
  • Analyst Javon Marks sets a $9.63 price target, with potential for even higher moves.
  • ETF momentum builds, with ProShares XRP futures ETF launching and BlackRock ETF speculation rising.

XRP has once again captured market attention, surging over 7% in the past 24 hours to trade at $2.60. The jump comes on the back of Bitcoin reaching an all-time high of $115,951, setting the stage for renewed investor optimism across the altcoin market. Analysts are now projecting major upside for XRP, with some predicting a move above $9, and growing speculation over a possible XRP spot ETF adds more fuel to the fire.

Javon Marks Predicts XRP Price to Hit $9.63

Prominent crypto analyst Javon Marks has reaffirmed his bullish stance on XRP, pointing to historical chart patterns that suggest a breakout is imminent. According to Marks, XRP could rally to $9.63, representing a more than 250% gain from current levels.

His technical analysis highlights that XRP has been forming a long-term accumulation base, often a precursor to explosive moves in crypto markets. Using Fibonacci extensions, Marks even hinted that XRP could surge beyond $13, or even as high as $23, if momentum holds.

This outlook aligns with earlier projections from analysts who believe XRP is building toward a 600% breakout, especially with tightening Bollinger Bands indicating lower volatility and a potential price eruption.

ProShares XRP Futures ETF Launch Adds to Hype

On the regulatory front, ProShares is set to launch its XRP Futures ETF on July 14, after securing approval from the Depository Trust & Clearing Corporation (DTCC). The launch marks a critical milestone in institutional access to XRP and could pave the way for a spot ETF in the near future.

With spot ETFs already approved for Bitcoin and Ethereum, XRP is increasingly seen as the next candidate. Industry insiders believe BlackRock could soon file for an XRP ETF, adding to the growing narrative of mainstream crypto adoption.

Also Read: Bitcoin Dominance Drops as XRP Bulls Call for Major Portfolio Shift

Truth Social’s ‘Crypto Blue Chip ETF’ Includes XRP

Adding another layer of intrigue, Donald Trump’s Truth Social platform has filed for a “Crypto Blue Chip ETF,” which includes XRP among its core holdings. This move underscores rising institutional confidence in XRP and its role as a blue-chip digital asset, especially now that regulatory clarity has improved following Ripple’s partial legal victory over the SEC.

With strong technical indicators, bullish analyst sentiment, and increasing institutional interest, XRP is positioned for a potential multi-fold rally. As ETF products gain traction and the broader market rallies, XRP could finally break free from its years-long stagnation.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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