- The XRP/USD pair is currently retesting its 2021 peak as a support level.
- The supportive macroeconomic backdrop amid notable capital inflow to spot XRP ETFs may trigger a bullish rebound soon.
- BlackRock and Fidelity may eventually cave into the rising demand for XRP to offer a spot ETF.
The odds of XRP price catapulting to $5 by the end of this year are high. According to X user Arthur, the rising demand for XRP by Wall Street investors through the newly launched spot exchange-traded funds (ETFs) is a major bullish factor for traders to consider before engaging in panic selling.
Furthermore, XRP price has dropped around 30% in the past four weeks to retest a crucial support level around $1.9 amid extreme fear of further capitulation.
Source: TradingView
Year-to-date, the XRP price has retested and rebounded from the support level around $1.9 at least four times. Worth noting that this liquidity level was a major resistance level during the 2021 crypto bull market.
Key XRP Price Targets By End of Year Considering ETF Adoption
According to Arthur, a conservative allocation by U.S. spot XRP ETFs could absorb between 4-5 billion XRPs from circulation before the end of this year. Already, Canary Capital’s spot XRP ETF has purchased over $281 million in XRP in its first week of operation.
According to market data analysis from SoSoValue, as of November 21, spot XRP ETFs have recorded more than $422 million in cumulative net cash inflows.
The crypto analyst projected the upcoming spot XRP ETFs – led by Franklin Templeton, Grayscale, and 21Shares – to register a conservative allocation of 10x what Canary Capital has already registered. In such a scenario, Arthur concluded that the XRP price will rebound towards $5 before the end of this year on a conservative basis.
Otherwise, the crypto analyst expects the XRP price to reach a base target of around $3.2. In case of an extreme bull case, the analyst believes that the XRP price will surge above $6.
Related: Bitwise and 21Shares to Launch Spot XRP ETF: Is XRP Price Rebound Next?
Expert Project Bullish Scenario in 2026
While the four-year crypto bull cycle may have topped out in October, Bitwise CIO Matt Hougan believes more bullish sentiment could happen in 2026. Hougan stated that long-term investors are more interested in buying a basket of top-performing crypto assets led by XRP as a hedge against inflation.
Meanwhile, X user Ripple Bull Winkle believes that the ETF era for XRP has kick-started and may compel more Wall Street firms such as BlackRock and Fidelity to join the unstoppable train.
Related: XRP ETF Surge: Institutions Are Pouring In, Yet $2.03 Support Looms
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Source: https://coinedition.com/xrp-could-reach-5-this-year-as-etf-demand-soars-and-analysts-signal-upside/
