Expert Predicts XRP Rise Will Make Bitcoin Post-ETF Surge Look Like Child’s Play #CriptoNews

Some market commentators believe that XRP price performance post ETF approval could make Bitcoin’s surge look like “child’s play.”

Notably, nine applications for XRP exchange-traded funds (ETFs) are currently under review by the U.S. SEC. In the last quarter of 2024, five asset managers, including Bitwise and WisdomTree, submitted applications for an XRP ETF.

The momentum carried into the new year, with four more asset management firms joining the race. The most prominent names entering the competition include Grayscale and CoinShares.

Meanwhile, an insider hint from FOX Business News has suggested that the crypto community could see heightened activity around XRP ETF filings this week. Based on this, some speculate that BlackRock may be joining the momentum.

Now, market participants are seeing significant parallels between what’s coming for XRP and the situation that unfolded for Bitcoin.

Recall that there was a massive frenzy around Bitcoin spot ETF filings before approval. Financial giants that sought Bitcoin spot ETFs included BlackRock, Fidelity, Bitwise, WisdomTree, and seven others.

By January 10, 2024, the SEC granted accelerated approval for all 11 Bitcoin spot ETF filings. Now, XRP is following a similar path, with XRP ETF filings being submitted one after another.

In a tweet, “Digital Asset Investor,” a prominent influencer in the XRP community, expressed that the eventual launch of an XRP ETF, combined with the resolution of the Ripple lawsuit, would make Bitcoin’s appreciation post-ETF launch seem like child’s play.

“No digital asset is more coiled than XRP,” he said.

Bitcoin Price Post-ETF Approval

For context, on the date of Bitcoin ETF approval, Bitcoin traded at a low of $44,483. In the subsequent weeks, specifically in March 2024, Bitcoin peaked at $73,750.

Meanwhile, a year after the Bitcoin ETF approvals, ETF issuers had accumulated over 1.1 million BTC, and the price of Bitcoin responded to this buying pressure.

Bitcoin hit an all-time high of $109,114 last month, marking a 145% increase from the price it traded at before ETFs were introduced.

Meanwhile, XRP proponents believe that XRP’s price could perform even better. They argue that XRP has several catalysts in its narrative that could drive its price higher post-ETF approval.

XRP Potential Valuation Post-ETF Approval

Notably, according to an estimate by JPMorgan, the XRP ETF could attract $4 to $8 billion in new investments within six months of approval.

A separate analysis by The Crypto Basic suggested that XRP’s price could reach $23, or a market cap of $1.3 trillion if it records $500 million daily ETF investments over one year.

Other independent commentators, such as Ben Armstrong, have previously suggested that the XRP ETF and Ripple’s eventual IPO could drive XRP’s value to $25.

While these estimations remain speculative, it remains to be seen whether XRP can indeed surpass the success of Bitcoin spot ETFs. For context, Bitcoin’s spot ETF, especially that of BlackRock, is one of the most successful ETFs in history, far outpacing the performance of gold ETFs.