BlackRock Eyes XRP ETF—$6M Whale Bet Fuels $3 Price Target Rumors
Wall Street’s quiet nod to crypto just got louder. BlackRock—the $10 trillion gorilla in the room—is reportedly in talks for an XRP ETF. Meanwhile, some degenerate trader just dropped $6M on XRP calls, betting the house on a moonshot to $3.
Here’s the kicker: this isn’t 2017’s ’buy the rumor’ circus. Institutions are circling, and the SEC’s ’regulation by litigation’ playbook looks increasingly desperate. XRP’s 30% pump on the news? Just the warm-up act.
Bonus cynicism: Nothing unshackles Wall Street’s purse strings like the scent of retail money waiting to be harvested.
BSC Gems Alert
How BlackRock’s XRP ETF Could Trigger a $3 Rally in 2025
BlackRock Confirms SEC Meeting on XRP ETF Potential
The possibility of a BlackRock XRP ETF launch taking place has become more promising since the company asked formally for the engagement with the crypto task force of the SEC. The schedule describes important points for the approval of crypto ETFs and relevant regulatory aspects.
The meeting request from BlackRock states:
Whale Investor Places $6M XRP Bet
A major investor has shown extraordinary confidence in an xrp price surge, potentially tied to BlackRock XRP ETF developments. This whale deposited $5.84 million in USDC to establish a leveraged XRP position.
Onchain Lens reported:
8 hours ago, a whale deposited $5.84M $USDC into #HyperLiquid to place a long position on $XRP with 2x leverage.
The whale previously opened a long position on $ETH with 2x leverage, resulting in a floating profit of $10M+.
Address: 0x175e7023e8dc93d0c044852685ac33e856b577b4… https://t.co/tIyIzgQArc pic.twitter.com/FnpidzM4NC
Analysts Target $3 XRP Price Point
Technical indicators suggest $3 as a realistic target if regulatory clarity continues improving and a BlackRock XRP ETF materializes. Chart patterns show a series of higher lows forming support trends.
Market analyst arman_shirinyan noted on TradingView:
ETF Approval Timeline and Competition
Just like approved Bitcoin and ethereum ETFs, filing its submission after the model has been used for Bitcoin and Ethereum ETFs, the BlackRock XRP ETF can be approved in a period that is 6 to 8 months after its filing. The SEC’s part decision behind Ripple is that automated XRP transactions do not qualify as security.
BlackRock’s meeting request specifically addresses:
