XRP Price Prediction Stays Strong Despite BlackRock ETF Rejection

Analysts are maintaining their $6 price target for XRP despite the apparent rejection of an XRP-linked ETF application by BlackRock, and lack of official SEC filing. This move has sparked debate in the market, with many analysts looking at the recent technical indicators as a sign of potential upside in the near future. While no formal application was submitted to the SEC, the situation has fueled market discussion around the token’s regulatory status. Ripple CEO Brad Garlinghouse emphasizes that XRP is not a security, further contributing to this dynamic.