Whispers in financial circles suggest that BlackRock might be eyeing an XRP ETF. If true this could flip the script for XRP price helping to inject fresh liquidity and drawing institutional players hungry for crypto exposure. Sitting a little above $2, XRP’s next move hinges on whether these rumors materialize but let’s be real, when the world’s largest asset manager dips its toes in, waves follow.
Why a BlackRock XRP ETF Changes Everything
With its recent resurgence, owing to either winning or settling different litigations with the SEC, XRP is now again the star child of the crypto sector. With major hurdles by the SEC starting to clear up months ago, many speculated that BlackRock would file an XRP ETF.
XRP price reviving after regulatory clarity. Graph Source: CoinMarketCap
What’s the potential impact, you ask?
Imagine traditional investors—the kind who still fax trade orders—gaining easy access to XRPwithout wrestling with private keys or crypto exchanges. That’s the promise of an ETF. Suddenly, pension funds and hedge managers could pile in, turbocharging demand. More importantly, it will stamp XRP with Wall Street’s seal of approval, nudging skeptics toward adoption.
The same happened with Bitcoin when its first ETF was approved. In a historic move, Bitcoin broke its (then) ATH before halving, a first for BTC. If the XRP ETF follows the trajectory of BlackRock’s Bitcoin ETF, the XRP price is predicted to explode, even passing the $3 level.
While BlackRock’s XRP ETF may not be the first to be filed, as Franklin Templeton, Grayscale, and 21Shares are already in on it, BlackRock’s filing is a major move. The world’s largest asset manager did not rush for the filing, citing regulatory uncertainty initially.
But if the speculations are true, this means that, regulation-wise, BlackRock is now confident in the crypto’s performance, potentially eying major XRP price movements.
XRP Price Charts: The Path to $3, or $1?
While the fundamentals are strong, technical indicators paint a different picture for the XRPprice. At the 1D chart, the RSI is around 42, signalling neutral territory. On the other hand, a weekly chart view shows XRP price going through a rough few days, down more than 5%.
The more you look at the technical indicators, the more the XRP price view is mixed. 20 Day MAs and lower say sell, but the 50 Day EMA and beyond are signalling a buying opportunity.
Different XRP MA, Different Signals. Source: TipRanks
So the question on everybody’s mind is: will BlackRock’s ETF filing be what XRP really needs?
No one can predict the future, but if XRP ETF follows Bitcoin’s trajectory, $3 is a real possibility. On the other hand, if XRP price breaks down (as technical indicators show a chance of), XRP may go down in the mid-term to as low as $1.7, perhaps even $1.
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