The post XRP Could Reach $5 This Year as ETF Demand Soars and Analysts Signal Upside appeared on BitcoinEthereumNews.com. The XRP/USD pair is currently retesting its 2021 peak as a support level. The supportive macroeconomic backdrop amid notable capital inflow to spot XRP ETFs may trigger a bullish rebound soon. BlackRock and Fidelity may eventually cave into the rising demand for XRP to offer a spot ETF. The odds of XRP price catapulting to $5 by the end of this year are high. According to X user Arthur, the rising demand for XRP by Wall Street investors through the newly launched spot exchange-traded funds (ETFs) is a major bullish factor for traders to consider before engaging in panic selling. Furthermore, XRP price has dropped around 30% in the past four weeks to retest a crucial support level around $1.9 amid extreme fear of further capitulation.  Source: TradingView Year-to-date, the XRP price has retested and rebounded from the support level around $1.9 at least four times. Worth noting that this liquidity level was a major resistance level during the 2021 crypto bull market. Key XRP Price Targets By End of Year Considering ETF Adoption  According to Arthur, a conservative allocation by U.S. spot XRP ETFs could absorb between 4-5 billion XRPs from circulation before the end of this year. Already, Canary Capital’s spot XRP ETF has purchased over $281 million in XRP in its first week of operation. According to market data analysis from SoSoValue, as of November 21, spot XRP ETFs have recorded more than $422 million in cumulative net cash inflows.  The crypto analyst projected the upcoming spot XRP ETFs – led by Franklin Templeton, Grayscale, and 21Shares – to register a conservative allocation of 10x what Canary Capital has already registered. In such a scenario, Arthur concluded that the XRP price will rebound towards $5 before the end of this year on a conservative basis. Otherwise, the… The post XRP Could Reach $5 This Year as ETF Demand Soars and Analysts Signal Upside appeared on BitcoinEthereumNews.com. The XRP/USD pair is currently retesting its 2021 peak as a support level. The supportive macroeconomic backdrop amid notable capital inflow to spot XRP ETFs may trigger a bullish rebound soon. BlackRock and Fidelity may eventually cave into the rising demand for XRP to offer a spot ETF. The odds of XRP price catapulting to $5 by the end of this year are high. According to X user Arthur, the rising demand for XRP by Wall Street investors through the newly launched spot exchange-traded funds (ETFs) is a major bullish factor for traders to consider before engaging in panic selling. Furthermore, XRP price has dropped around 30% in the past four weeks to retest a crucial support level around $1.9 amid extreme fear of further capitulation.  Source: TradingView Year-to-date, the XRP price has retested and rebounded from the support level around $1.9 at least four times. Worth noting that this liquidity level was a major resistance level during the 2021 crypto bull market. Key XRP Price Targets By End of Year Considering ETF Adoption  According to Arthur, a conservative allocation by U.S. spot XRP ETFs could absorb between 4-5 billion XRPs from circulation before the end of this year. Already, Canary Capital’s spot XRP ETF has purchased over $281 million in XRP in its first week of operation. According to market data analysis from SoSoValue, as of November 21, spot XRP ETFs have recorded more than $422 million in cumulative net cash inflows.  The crypto analyst projected the upcoming spot XRP ETFs – led by Franklin Templeton, Grayscale, and 21Shares – to register a conservative allocation of 10x what Canary Capital has already registered. In such a scenario, Arthur concluded that the XRP price will rebound towards $5 before the end of this year on a conservative basis. Otherwise, the…