Quick overview

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Kris Marszalek, the CEO of Crypto.com, has boldly predicted that an ETF for XRP could attract $8 billion in inflows during its first year.

This prediction has created excitement within the XRP community, with many hopeful that such inflows will lead to a significant rise in XRP’s value.

If realized, the anticipated increase in liquidity could strengthen XRP’s position in the cryptocurrency market.

Marszalek’s comments also highlighted the growing institutional interest in XRP and suggested that substantial investments may be coming soon. This influx of capital is likely to enhance XRP’s status and draw in both individual and institutional investors.

Robert Mitchnick, a former Ripple executive and head of digital assets at BlackRock, published research forecasting a double-digit price target for XRP. Mitchnick, who previously worked at Ripple, co-authored a study that analyzed digital assets and their potential. His report estimated XRP’s future price could reach double digits by examining both success and failure scenarios.

He provided a low estimate of $6.37, which is considerably higher than XRP’s current trading level. The findings were summarized into a set of fundamental values.

The estimated fundamental value range for XRP was calculated to be between $1.59 and $8.23 based on a 25 percent probability of a successful outcome. In the event of a failure, it was assumed that XRP would become worthless. Although BlackRock has not yet applied for an XRP ETF, the company has significantly increased its involvement in the cryptocurrency market.