Summary
- Crypto asset analyst Jack Rector said XRP (XRP) could rise to as much as $30 next year.
- The analyst said ETF launch could bring at least $10–20 billion in inflows in its first year.
- A positive outlook was presented due to the recent increase in XRP's futures trading volume, community cohesion, and expanding institutional demand.
XRP (XRP) could rise to as much as $30 next year, a forecast said.
On the 29th (Korean time), crypto asset (cryptocurrency) specialist media CoinPedia reported that crypto analyst Jack Rector said on his YouTube channel, "XRP's price could reach $20–30 by 2026."
The analyst said that an exchange-traded fund (ETF) could drive strong inflows. Rector said, "Over the past four months, XRP futures trading volume was about 400,000 contracts, with a nominal value of $18 billion," and "if a spot XRP ETF is launched, it could attract at least $10–20 billion in inflows in the first year."
In addition, the analyst cited the strong cohesion of the XRP community and expanding institutional demand as reasons for the upside.
As of 11:54 a.m. that day, XRP was trading at $2.87, up 3.41% from the previous day, according to CoinMarketCap.
Uk Jin
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