Wall Street Bets Big on XRP: $100 Price Target Emerges as Institutional Cash Pours In
Move over, meme stocks—XRP’s the new darling of institutional investors. The crypto just flashed a $100 price prediction as hedge funds and asset managers pile in. Guess even Wall Street needs a little blockchain hopium between rate hikes.
Institutional money isn’t dipping a toe—it’s diving headfirst. The floodgates opened, and XRP’s riding the wave. Funny how ‘risky’ assets suddenly look tasty when traditional markets wobble.
Skeptics whisper ‘bubble.’ Believers point to the charts. Either way, the suits are here—and they didn’t come for the tech whitepapers. Place your bets: this could get messy.
After witnessing a slight pullback, XRP is in high gear to FORM a bullish reversal as momentum continues to build up.
Calling out this development, market analyst Trader Rai pointed out, “XRP is bouncing back strong after forming a textbook V-bottom pattern — a classic bullish reversal signal. Buyers are stepping in, eyeing a breakout toward the $2.3730 resistance.”
As XRP’s V-shape reversal gains steam, the fourth-largest cryptocurrency based on market capitalization has already surpassed the key resistance of $2.37.
According to CoinGecko data, XRP was up 5.3% in the past month to trade at $2.38 at the time of writing, showing bullish momentum that might see the altcoin register new heights.
What does an Increase in XRP ETF Leveraged Inflows Mean?
According to on-chain metrics provider Crypto Feed News, “XRP ETF leveraged Inflows Surge Despite Price Dip. Wall Street is loading up on $XRP. The 2x leveraged XXRP ETF has pulled in $106M AUM since April—$30M just last week, even as xrp price dipped.”
Therefore, this surge in XRP exchange-traded fund (ETF) Leveraged inflows demonstrates rising risk appetite, speculative behavior, and investor interest in XRP.
This is because a leveraged ETF utilizes debt and financial derivatives to amplify the returns of the underlying asset.
For instance, a 2x leveraged XRP ETF aims to offer twice the returns of XRP’s daily performance.
This explains why leading trading firm Teucrium recently rolled out a 2x leverage XRP ETF product meant to aid short-term traders project daily price movements.
Meanwhile, the XRP community is optimistic that once banks start using it, this altcoin will witness exponential growth and soar to the $100 price zone.
