🚀 XRP to $4? SBI’s Bold ETF Filing Sparks Bullish Frenzy

Wall Street analysts are slapping a $4 price target on XRP after SBI Holdings dropped a regulatory bombshell—an XRP ETF filing. The move could flood institutional capital into Ripple's embattled token, bypassing years of SEC roadblocks.

Why Traders Are Loading Up

ETF approval would force funds to hold XRP directly—no more synthetic exposure through shady derivatives. Market makers are already front-running the news, with OI on perpetual swaps spiking 47% in 24 hours.

The Regulatory Wildcard

SEC Chair Gensler still hasn't blinked on crypto ETFs. But with Japan's FSA fast-tracking the SBI filing, pressure mounts on US regulators to stop playing 'how many lawyers does it take to screw in a lightbulb.'

As one syndicate trader quipped: 'We'll believe the $4 target when Goldman starts pitching it to widows and orphans.'

Bullish Analysts Eye $4 to $5 Breakout

Per crypto analyst Maxi, there is a corrective phase in the price action of XRP, after a high of $3.65 was registered on 18 July. After having dipped to about $2.93, the price patterns seem to be indicating a rebound in the NEAR term. Maxi’s Elliott Wave Theory shows a correction in XRP toward the Fibonacci levels from $2.75 to $2.45.

4$+ is loading for $xrp 🚀 pic.twitter.com/pi79ljSOqf

These levels are often considered the main support areas. So, any bounce from this area may potentially trigger another bullish rally. The chart also points to $3.12 as an essential level to confirm the breakout. If the price can clear this barrier, the chances of price movement toward $4 and even further increase by year-end.

$4.53 and Higher Targets in Sight

Another analyst, Steph_iscrypto, is noticing momentum building. XRP has just surged past a resistance level at $3.41, reaching a Fibonacci level of 0.618. The next targets to keep an eye on are $4.53, $5.64, and $6.33. Plus, if this rally keeps going, the long-term Fibonacci extension suggests the price could peak at $9.24.

Once #XRP breaks $3.41

We fly to $4.53! pic.twitter.com/zwmwQeSZJb

Additionally, Steph points out that XRP needs to stay above $3.00 for the bullish momentum to keep going. If Bitcoin holds steady, XRP may reach new highs.

Also Read: Ripple and BDACS Launch XRP Custody in South Korea