XRP’s Potential Turnaround with Institutional Demand and ETF Prospects
- Crypto analyst Zach Rector suggests XRP sellers are exhausted, indicating a possible end to its recent consolidation phase.
- Rector anticipates a surge in institutional demand for XRP post-U.S. government shutdown, tied to potential ETF approvals.
- He highlights Flare’s FXRP mechanism locking up $60 million worth of XRP, reducing liquid supply.
- Rector notes that digital asset treasury companies have acquired significant Ethereum holdings and are targeting XRP next.
- Recent meetings between Ripple executives and Luxembourg’s finance minister suggest growing European institutional interest.
Zach Rector believes that the current selling pressure on XRP is nearing exhaustion, paving the way for increased institutional interest once the U.S. government resumes normal operations and ETFs potentially launch. The involvement of digital asset treasury companies and mechanisms like Flare’s FXRP further constrict available supply, setting the stage for a possible price increase.
At press time, XRP traded at $2.815, reflecting ongoing market dynamics as investors anticipate future developments linked to ETFs and institutional adoption.(Source)
