The post How High Can XRP Price Go After Grayscale and Franklin Templeton ETF Launch Today? appeared first on Coinpedia Fintech News
The XRP market has entered one of its most important weeks of the year as two major asset managers, Grayscale and Franklin Templeton, roll out their XRP exchange-traded funds.. Together, these launches are expected to inject fresh liquidity, strengthen institutional confidence, and shift XRP’s long-term price trajectory.
XRP is already reacting to the excitement. The token is trading around $2.08, up nearly 3% in 24 hours, outpacing Bitcoin’s gains.
The real spotlight, however, is on Franklin Templeton’s XRP ETF. With more than $1.5 trillion under management, the firm is known for conservative positioning and long-term planning. Experts say investors should expect a steady build-up rather than explosive early numbers, but the impact could be stronger than many anticipate.
According to one analyst, Franklin Templeton will likely start with a small undisclosed seed allocation, possibly only a few million dollars’ worth of XRP. Because of this, most of the first-day volume is expected to be pure net inflow from investors. The expert added that the ETF launch could mirror Bitwise’s opening, which recorded around $25 million in day-one volume.
How ETF Inflows Can Influence XRP Price
If the projected inflows materialize, the Franklin Templeton ETF could acquire roughly 15 million XRP during its opening phase. An uptick of this scale often triggers price reactions across both the spot and ETF markets.
XRP closed Friday near $1.90. If Monday opens near $2.10, that twenty-cent jump in the underlying asset significantly increases the per-share value of ETFs holding 10 to 20 XRP per share. Sharp moves like this tend to attract more attention, fueling FOMO-driven momentum.
XRP’s Upside Isn’t Finished?
Historically, altcoins drop faster and harder than Bitcoin, but this time XRP has held up better. XRP is preparing for a larger breakout from a long consolidation structure. Technical analysts argue that XRP’s multi-year symmetrical triangle has already broken to the upside, and the current pullback is part of a standard retest before a bigger move.
Several analysts remain confident in XRP’s long-term outlook. They predict XRP to eventually reach $27 to $67, with the broader cycle possibly landing somewhere between $40 and $70.
XRP is unlikely to move from $2 straight to $27, the price could rise in stages over time as ETF demand increases and institutional adoption expands.
Source: https://coinpedia.org/news/how-high-can-xrp-price-go-after-grayscale-and-franklin-templeton-etf-launch-today/
