XRP Analyst Forecasts Substantial Price Surge with Launch of Spot ETFs

Crypto analyst Kenny Nguyen has predicted a significant increase in XRP’s price upon the launch of the first wave of spot XRP exchange-traded funds (ETFs) in the United States. Nguyen projects that XRP prices could reach between $22 and $50 when these ETFs begin trading, representing a substantial jump from its current value of around $3.10. This bold projection would see XRP’s market capitalization soar by over 607% to potentially reach $1.3 trillion or even more. Nguyen believes this price surge is due to the potential for regulated exposure to XRP through these ETFs, which will likely attract both institutional and retail investors.