Top Crypto Analyst Reveals 4 Explosive Reasons XRP Could Skyrocket to $20 Soon!
Jakarta, Pintu News – XRP is currently in the limelight, and there is a strong chance that it could reach $20 in the near future.
After years of being embroiled in a lawsuit with the SEC debating XRP’s status as a security, the case is finally officially over. This legal freedom immediately attracted interest from both retail and large institutional investors.
Interestingly, there are currently 17 ETF (Exchange-Traded Fund) filings for XRP in the pipeline.
According to an analyst, the combination of the end of the legal case and increased investor interest is a strong catalyst for a surge in XRP prices in the near future.
XRP Dominates ETF Filings
Currently, XRP is the most popular crypto in terms of ETF (Exchange-Traded Fund) filings. In the United States, there are 17 XRP ETF filings in process. This is a big number as ETFs can attract a lot of institutional investors into the crypto market.
ETFs allow retail investors to invest in crypto assets without having to buy coins directly, making them an important instrument in wider market adoption.
Major companies such as Grayscale, Fidelity, and VanEck have already applied for XRP ETFs.
If approved, this could potentially push the price of XRP up significantly. If XRP starts to receive as much attention as Bitcoin and Ethereum, its value could soar.
Large Institutions Start Buying XRP
XRP is now not only in demand by retail crypto traders, but is also being bought up by large financial institutions.
Ripple, the company behind XRP, is currently working with 12 central banks in different countries to develop their respective digital currencies. Many of these projects use XRP as the backbone, which automatically increases demand for the coin.
In addition, whenever XRP is released from escrow (locked reserves), major banks and financial institutions buy it immediately. These regular purchases help push the price up slowly but consistently.
Ripple Global Partnership
Ripple’s cooperation with various large companies and governments is another strong reason why the XRP price has the potential to soar.
Ripple is currently in communication with a number of large banks in the United States, and some of them have started buying large amounts of XRP. This buying pressure could be the trigger for a price spike.
As more central banks build their digital currencies on top of XRP’s blockchain technology, demand for XRP is expected to continue to rise.
Read also: Solana price set to soar to $300, what’s driving the increase?
Support from Major Institutions
The crypto world is now starting to be flooded with funds from large institutions. Giants like BlackRock are starting to look at XRP as a potential investment asset. When big players like this enter the market, they bring in huge amounts of funds.
This influx of institutional money will drive demand for XRP, which in turn will lift the price significantly.
Overall, with 17 ETF filings in the pipeline and institutional fund flows on the rise, XRP is on track to experience massive growth.
If these ETFs get approved and more institutions start buying, the XRP price could easily break the $20 mark – perhaps even higher.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Four Reasons Why XRP Price May Hit $20 Soon. Accessed on March 27, 2025
