XRP has spent the past two months consolidating after a sharp run earlier this year, with prices moving between $2.70 and $3.00. However, analyst Zach Rector expects major inflows into the soon-to-launch XRP exchange-traded funds (ETFs), which he believes could support much higher prices.
Why the High Targets Remain
Rector argues that the data backs up his stance. The CME Group reported that XRP futures have reached a four-month milestone, with nearly 400,000 contracts traded and $18 billion in notional volume. This equals about 6 billion XRP changing hands, or 6% of the total supply. Based on this activity, Rector projects that the XRP spot ETFs set to launch in October could attract between $10 and $20 billion in inflows during