Despite briefly reaching $2.17, XRP failed to maintain momentum, signaling hidden sell pressure beneath the surface. Still, one analyst has suggested that XRP is positioned to enter a faster-than-expected growth phase, with the cross-border payments token surging “from $2 to $10” within the span of less than a year.
Spot XRP ETF Catalysts Pave Way For 400% Surge In 2026
Analyst Chad Steingraber’s price prediction is based on the robust early demand in the U.S.-listed spot XRP exchange-traded funds (ETFs).
The recent launch of these XRP funds is quite symbolic, as XRP and Ripple were once at the center of the U.S. Securities and Exchange Commission’s (SEC) regulatory battle with crypto.
According to data from SoSoValue, the XRP ETFs have pulled in an eye-popping $944.13 million in investor money since making their Wall Street debut on Nov. 13. To put that into perspective, these investment vehicles now hold approximately 0.74% of XRP’s total circulating supply — an impressive feat for ETFs that are less than a month old.
Steingraber also highlighted XRP’s role inside Bitwise’s newly uplisted crypto index fund, a $1.25 billion vehicle tracking the 10 largest digital assets. On Tuesday, the Bitwise 10 Crypto Index Fund (BITW) became the second U.S.-listed multi-asset crypto index fund to receive the U.S. Securities and Exchange Commission (SEC)’s sign-off to trade on the NYSE Arca. Notably, XRP constitutes 5.16% of the ETP’s portfolio.
“As a best guess (because Bitwise has not posted exact numbers yet), the Bitwise Index 10 holds approximately 30,718,290 XRP as of today. That brings the total to 506,067,267 XRP added to AUM since the launch of the funds. Not even a month in yet,” the pundit wrote in his Wednesday X post.
XRP was changing hands at $2.09 at press time, representing a 1.1% drop on the day, according to CoinGecko.
Considering that Bitcoin doubled within two years of its spot ETFs going live in the United States, Steingraber asserted XRP has room to make huge price moves. The crypto could rocket toward the much-anticipated $10 milestone next year, marking a 400% growth, if the historic ETF momentum continues.
Source: https://zycrypto.com/why-xrp-is-poised-for-explosive-rally-to-10-record-price-in-under-a-year-according-to-this-pundit/
