So, XRP. It’s been… existing, mostly. For the last couple of months it’s been doing that thing where prices sort of wobble about a bit between $2.70 and $3.00. Not exactly setting the world on fire, is it? 🔥 But apparently, a chap called Zach Rector – and honestly, with a name like that, he must be right – thinks this could all be about to change. His theory involves something called XRP ETFs, which sounds suspiciously like jargon designed to confuse people, but bear with me.
Why the High Targets Remain (Apparently)
Rector, bless his optimistic socks, claims that the numbers justify his wild predictions. He points to the CME Group, which apparently keeps track of something called XRP futures (still with me?). They’ve traded nearly 400,000 of these things, which totals a rather impressive-sounding $18 billion. That’s a lot of zeroes. It equates to about 6% of all XRP ever created, which I suppose is significant, or it wouldn’t be mentioned, right? He then boldly predicts these same ETFs could suck in $10 to $20 billion in their first year. Which, you know, could happen. Maybe. 🤷♀️
If all that goes to plan, he reckons XRP could be trading at $20-$30 by 2026. He dismisses any short-term wobbles as “noise”. That’s a convenient way to handle things, isn’t it? Essentially he’s saying, “Ignore any evidence to the contrary, everything will be amazing!” 🎉
Community and Market Sentiment
The XRP faithful, meanwhile, remain remarkably enthusiastic. Ripple‘s CEO, Brad Garlinghouse (a name that *sounds* trustworthy), was apparently impressed by a crowd at an event in South Korea. A crowd! Imagine that. People showing up! It’s a reflection, he says, of XRP’s “global following”. They’ve also got something called ‘Swell’ coming up in November. Expect big promises and possibly a strongly-worded PowerPoint presentation. 🚀
ETFs and Institutional Demand
You’ll be pleased to know ETFs are popping up for everything these days – not just Bitcoin and Ethereum, but also things like XRP, Solana, and Cardano. Apparently, someone at Nasdaq thinks XRP is worthy of inclusion in an index, which is… something. Rector suggests Wall Street’s money could create a “supply shock” because most XRP is apparently just sitting in people’s digital wallets gathering virtual dust. It’s a fascinating thought. A supply shock caused by people… not selling? It’s a brave new world. 🧐
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2025-09-29 04:43