Well, shucks, folks! It seems like XRP is gettin’ its mojo back, and how! 🚀 With whispers of a potential BlackRock spot ETF filing, investors are gettin’ all aflutter like a passel of butterflies in a sunflower field. The token’s jumped a whoppin’ 6% today, and it’s outperformin’ the overall crypto market like a champ this week! 🏆
Now, I know what you’re thinkin’, “What’s the big deal about BlackRock?” Well, my curious companions, it’s like this: on-chain data from Santiment shows XRP’s price is gainin’ traction among the big cheeses – I mean, large holders. A total of 2,742 wallets now hold at least 1 million XRP, just one short of the all-time record! 🤯 At press time, XRP’s priced around $2.56, up 6.15% in 24 hours and nearly 14.86% over the past week. It’s still the fourth-largest cryptocurrency, with a market cap of $151.728 billion. That’s a whole lotta clams, if I do say so myself! 🐚
Insider news: BlackRock $XRP and SOL ETF filings could happen anytime soon. XRP holders, get ready for a big bang! 🚀
— 𝕏aif| (@Xaif_Crypto) July 11, 2025
Now, I ain’t one to spread rumors, but speculation about BlackRock’s potential spot XRP ETF filing has resurfaced like a bad penny. Crypto community members, including Xaif Crypto, are hintin’ that the move could be imminent. Although nothin’s official yet, XRP and Solana (SOL) are believed to be next in line for ETF filings. This excitement comes as Ripple‘s legal battle with the SEC nears its end, possibly openin’ doors for broader institutional access. 🚪
New filing for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, Solana, XRP and Cronos 🤝
— Eric Balchunas (@EricBalchunas) July 8, 2025
Other ETF developments are addin’ to the buzz like a swarm of bees in a honey pot. ProShares’ Ultra XRP ETF (UXRP) was recently added to the DTCC product list, and Truth Social’s ‘Crypto Blue Chip ETF’ filing also includes XRP. Multiple XRP-related ETF proposals are now awaitin’ review, with key decision dates lined up in July, startin’ July 14 with ProShares’ trio of futures ETFs, followed by leveraged and volatility-focused funds later in the month. 📆
Ripple XRP – The Institutional Gold Rush
Interest from institutions is already pickin’ up like a runaway stagecoach! 🐴 The Teucrium 2X Long Daily XRP ETF (XXRP), which launched in April, has consistently attracted weekly inflows and is nearin’ $160 million in assets despite a high 1.89% expense ratio. That’s a mighty fine chunk of change, if I do say so myself! 💸
JPMorgan analysts predict a spot XRP ETF could receive approval later this year and may draw up to $8 billion in its first year, potentially boostin’ XRP’s price significantly. The SEC is currently reviewin’ over ten spot XRP ETF applications, with final decisions expected in October. If approved, these ETFs could open the doors to greater institutional access and boost overall market demand for XRP. 🚀
What’s Next for XRP Price?
Currently, XRP’s tradin’ near $2.58. A push above $2.60 could open the door to $3, and analyst Javon Marks sees potential for a rally toward $9.63 if momentum holds. However, a drop below $2.50 could lead to support retests at $2.40 or $2.30. That’s a mighty big if, but I reckon it’s worth keepin’ an eye on! 👀
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2025-07-11 13:58