XRP has witnessed a remarkable 6% surge today, reflecting a broader crypto market recovery. The sudden spike follows growing speculation that asset management giant BlackRock could soon file for an XRP ETF, alongside a Solana ETF. Additionally, renowned analysts are predicting a potential rally for XRP, fueling investor enthusiasm.
BlackRock ETF Filing Rumors Gain Momentum
The XRP community is abuzz after a statement from ETF Store President Nate Geraci reignited hopes of an XRP exchange-traded fund (ETF). In a recent X (formerly Twitter) post, Geraci suggested that BlackRock is likely to file for both Solana and XRP ETFs soon.
I’m ready to log formal prediction…
— Nate Geraci (@NateGeraci) March 14, 2025
BlackRock will file for *both* solana & xrp ETFs.
Solana could be any day. Think xrp once SEC lawsuit concluded.
Given BlackRock’s dominance in Bitcoin and Ethereum ETFs, Geraci argued that the firm would not allow competitors to take the lead in launching funds for two of the top five non-stablecoin crypto assets. He stated:
“BlackRock will file for both Solana and XRP ETFs. Solana could be any day. Think XRP once the SEC lawsuit concludes. I simply don’t see them allowing competitors to come in & launch ETFs on two of the top five non-stablecoin crypto assets without a fight.”
His remarks have sparked renewed investor confidence in XRP, as a potential ETF would drive institutional demand and long-term price appreciation.
Bullish Analysts Set XRP Target at $5
Following Geraci’s statement, market analysts have turned increasingly bullish on XRP. A recent report even suggests that Ripple’s native asset could reach $15 in the near future.
Crypto analyst Rose Premium Channels shared an optimistic projection, predicting that XRP could soon hit $5. Key support levels have been identified at $2.1 and $2.2, with price targets set at $3, $4.2, and ultimately $5. Should an ETF materialize, analysts foresee a possible long-term double-digit valuation for XRP.
XRP Price & Market Sentiment
At press time, XRP is trading at $2.46, peaking at $2.47 within the past 24 hours. Despite a 20% drop in daily trading volume to $4.6 billion, CoinGlass data shows that XRP Futures Open Interest has risen by 6% to $3.38 billion, signaling strong bullish momentum.
Also Read: Trump Administration Eyes XRP for U.S. Bitcoin Reserve Strategy, SEC Proposes Legal Clarity
As anticipation over a potential BlackRock-backed XRP ETF grows, market sentiment remains high, with investors eyeing a new all-time high in the coming months.
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.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
