XRP Price Poised for 200% Surge to $9.08 on ETF Approval

The anticipation for the approval of XRP ETFs by the United States Securities and Exchange Commission (SEC) is rapidly growing, and with it, the potential for a dramatic surge in the price of the cryptocurrency. According to a crypto analyst, ETFs could serve as the ideal driver for a continual price rally for the altcoin, fueled by a powerful combination of institutional demand and adoption.

In a recent podcast, a crypto analyst discussed how the approval and launch of an XRP ETF could positively influence the cryptocurrency’s price. The speaker likened these ETFs to “giant vacuum cleaners” placed over the XRP pool, sucking up all of the available liquidity directly from the asset. Each time someone invests in one of these financial instruments, the XRP used is transferred into a secure custodian and effectively taken out of circulation, no longer available for trading or use.

Currently, nine companies have officially filed for an XRP ETF in the US. These filings are still under review and awaiting approval by the SEC. Rumors are circulating that BlackRock, the world’s largest asset manager, may be preparing to announce its own XRP ETF. If true, this move could dramatically speed up both the demand shock and adoption rate of XRP. The influx of investor interest and the shift in sentiment if the SEC greenlights XRP ETFs would likely create upward pressure on the cryptocurrency’s price, potentially driving it to new highs.

The speaker also illustrated a scenario in which the market gets new US laws and legislation passed by August—things like market infrastructure bills, tax clarity, and stablecoin rules. Once these are settled, he predicts that businesses and financial institutions will begin using XRP for payments. More so, over time, these companies will need to use the network every day to operate.

As cryptocurrency becomes increasingly integrated into daily financial activity, companies watch as their ETF counterparts continue buying up the altcoin, contributing to its price growth. In anticipation of an ETF-driven scarcity, businesses may begin acquiring large amounts of XRP in advance, potentially adopting a buy-and-hold strategy before prices climb even higher. This creates what’s known in commodity markets as a “front-loading effect,” where anticipated future price increases lead to aggressive present-day buying. As a result, the analyst believes that the ongoing demand from ETFs and daily users could be “the perfect storm for a price surge.”

Now, back in the spotlight, the XRP price is forecasted to experience an explosive breakout to $9.08. According to the Crypto General, after recording a significant rally to new highs above $3 this year, the token has been trading within a tight range. A TradingView chart shared by the crypto expert shows the formation of a classic Bull Pennant pattern — a typical continuation signal that often precedes sharp upward movement. The analyst notes that despite the tightening range, the altcoin is moving as planned, with price action respecting key support levels and building pressure below resistance. The key levels on the XRP price chart include a final target of $9.08 and support areas around $1.97 and $0.94.