XRP Price Expected to Surge 500% to $3 Upon XRP ETF Approval

• One top researcher says that an XRP ETF would open the floodgates as institutional investors would be able to seamlessly make an entry into the XRP world.
• ETFs also bring about a sharp increase in liquidity for any asset as the type of customers targeted by ETFs are deep-pocketed and invest billions of dollars into these assets.

Crypto ETFs have become one of the biggest talking points in the industry as the world awaits the SEC’s approval for the first spot Bitcoin ETF. But what would happen if an XRP ETF hit the market? According to one researcher, this could be the event that catapults the price of the crypto to $3 and opens the floodgates for the world’s fifth-largest cryptocurrency.

The industry’s focus has mostly been on Bitcoin ETFs and with the most recent entry by BlackRock, Ethereum ETFs. However, despite being the only cryptocurrency that has regulatory clarity, XRP has yet to attract this type of interest from large institutional investors.

When it gets its own ETF, XRP is going to skyrocket to new heights, says a researcher from the 3T Warrior Academy.

🚨🚀 The inevitable XRP ETP could send shockwaves through the crypto industry?

Let’s break down Why… 🤔

1. Institutional Onslaught: Picture this – institutional investors storming in! An XRP ETF opens the floodgates, making it simpler for big players to dive into the XRP pool.… pic.twitter.com/MU6MrNI6Oi

— Good Morning Crypto (@3TGMCrypto) December 1, 2023

The first effect an effect would have is attracting institutional investors. This group only invests in asset classes with regulatory clarity and an ETF provides just that. What’s more, they invest billions of dollars in these assets and according to the researcher, it could “open the floodgates, making it simpler for big players to dive into the XRP pool.”

🚨🚀 The inevitable XRP ETP could send shockwaves through the crypto industry?

Let’s break down Why… 🤔

1. Institutional Onslaught: Picture this – institutional investors storming in! An XRP ETF opens the floodgates, making it simpler for big players to dive into the XRP pool.… pic.twitter.com/MU6MrNI6Oi

— Good Morning Crypto (@3TGMCrypto) December 1, 2023

XRP ETF Could Push the Crypto to $3

With the entry of institutional investors, XRP would automatically experience a sharp rise in its liquidity.

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Buckle up for a liquidity boost! ETFs tend to increase trading volumes, injecting lifeblood into XRP markets and potentially reducing price volatility.

The crypto market has suffered from a lack of liquidity for over a decade, especially the smaller coins. Liquidity is the ease with which one can buy or sell an asset without significantly impacting the price. Lower liquidity hands a significant advantage to bigger players who can swing the price at any time for their benefit. An ETF would rid the XRP market of this challenge.

An ETF could also push the crypto to mainstream circles, including through media campaigns, says the researcher.

“Mainstream media will launch a marketing campaign never [seen]before in digital finance. Imagine XRP rubbing shoulders with traditional assets on stock exchanges. It’s not just a crypto party; it’s a financial opportunity attracting a broader audience,” he says.

For years, mainstream media has disparaged crypto as a speculative industry with no real-world use case, with some extreme ones characterizing the sector as a fad that will fade off. However, crypto continues to grow. With an ETF, the asset class would become impossible to dismiss and it would now be afforded the same respect as commodities, indices, and stocks.

Singapore remains a beacon for XRP, the researcher noted. The Asian economic powerhouse gave Ripple a license to provide crypto payment services. The researcher says this could “amplify global interest in XRP.”