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Veteran trader Peter Brandt shared his take on the current state of Ethereum (ETH), suggesting it’s poised for a breakout. Although Brandt did not explicitly mention this, his ETH daily bar chart spoke for itself. Based on the trader’s chart, the Ethereum price has been consolidating over the past three weeks, forming a symmetrical triangle,
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The author of ‘Rich Dad Poor Dad’ Robert Kiyosaki, has broken his silence on the real reason he invests in Bitcoin (BTC) as an asset. In a post on X titled ‘ARE YOU BREAKING the LAWS?,’ he spoke directly to those violating the core principles about money, highlighting why they are poor. While not uncommon, this latest post justifies his adoption of Bitcoin as a store of value. Robert Kiyosaki Validates Bitcoin as Investment to Save According to the financial expert, the poor violate two important laws of money: Gresham’s Law and Metcalf’s Law. Gresham’s law states that when bad money enters a system, good money goes into hiding. He slammed those who save fake money while shunning real money. He named his three favorites, which include Gold, Silver, and Bitcoin. ARE YOU BREAKING the LAWS? Most poor people are poor…. because they break the 2 most important laws of… Read More at Coingape.com
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Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.]
Grab a coffee as we delve into market sentiment about XRP ETFs (exchange-traded funds) in the US. As prospects for this financial instrument continue to grow, experts have weighed in on the possible impact on Ripple’s XRP token.
There has been much chatter this week in crypto about XRP ETFs, ranging from false rumors and reports to delays in key decisions. However, one thing appears certain: the conversation is growing more than ever.
The recent decision to approve ProShares leveraged futures XRP ETF provided optimism; now, anticipation is building.
In a recent US Crypto News publication, ETF analyst Eric Balchunas indicated they have raised their odds to 85%. Based on this, analysts offer diverging outlooks on how such a product might perform.
“XRP price could rise to $12.23 or $22.20 after ETF Approval if XRP ETFs Get 15% to 30% of Bitcoin ETF Inflows,” a popular account on X shared.
BeInCrypto data shows that XRP was trading for $2.22 as of this writing, down by almost 1% in the last 24 hours.
Against this backdrop, BeInCrypto contacted Standard Chartered for a commentary. The bank’s head of digital assets research, Geoff Kendrick, said it was challenging to predict precise inflow figures.
However, he indicated that comparative data from Europe could provide some guidance.
“The amount of eventual inflows to XRP ETFs is difficult to estimate. However, Bitwise has listed ETPs in Germany for XRP, Solana, Litecoin, BTC, and ETH, which may provide an apples-for-apples comparison,” Kendrick told BeInCrypto.
Drawing on his prediction of how an XRP ETF could perform and the associated impact on XRP price, Kendrick compared Bitcoin, Ethereum, and other altcoins.
Citing Bitwise data, the Standard Chartered executive noted that altcoins garner a larger percentage of ETP (exchange-traded product) net asset value (NAV) as a percentage of coin market capitalization than Bitcoin and Ethereum.
However, he acknowledged that this could be because fewer ETPs are available for altcoins. Kendrick added that NAV-to-market-cap ratios from already approved US spot ETFs provide a useful benchmark.
Based on these assessments, Geoff Kendrick projected that a US-listed spot XRP ETF could attract as much as $8.3 billion in inflows within its first year.
“Of the US spot ETFs approved so far, NAV as a percentage of market cap is 3% for Ethereum and just under 6% for Bitcoin. At current XRP market cap, that would imply a range of $4.4 billion to $8.3 billion as a future total NAV measure for an XRP ETF, which seems like a reasonable target range for inflows in the first 12 months,” Kendrick added.
The Standard Chartered executive said he expects XRP price gains to keep pace with Bitcoin price growth targets.
As indicated in a recent US Crypto News publication, the bank sees Bitcoin’s price rising to $120,000 in Q2, $200,000 by the end of 2025, and $500,000 by 2028.
He forecasted the Ripple price to rise to $8 by 2026, contingent on spot XRP ETF approvals in the US. This would constitute a 260% surge above the current price of $2.22.
“In real terms, XRP inflation is currently 6%, versus 0.8% for Bitcoin. As such, we target the XRP-USD price levels of $5.50 at end-2025, $8.00 at end-2026, $10.40 at end-2027, $12.50 at end-2028 and $12.25 at end-2029,” Kendrick explained.
Meanwhile, analysts at Bitfinex caution against optimism, saying that investor interest in a US-based spot XRP ETF may not match that witnessed in Bitcoin ETFs.
“We expect limited inflows into an XRP ETF as some investors may choose to broaden their exposure across available crypto ETFs. However it is unlikely to see the level of flows experienced by Bitcoin,” Bitfinex analysts told BeInCrypto.
The contrasting assessments reflect broader uncertainty over how altcoin ETFs might perform in a regulated US market.
Bitcoin’s dominance and changing regulatory attitudes toward digital assets still heavily influence the crypto market in the US.
So far, Grayscale, Wisdom Tree, Bitwise, Canary, and 21Shares have filed for XRP ETF approvals with the SEC. Bitwise’s application received official acknowledgment on February 18, triggering several timelines for approving, denying, or extending the application.
The final deadline is October 12, 240 days after official receipt. This date is equivalent to the ‘final deadline’ of January 10, 2024, for BTC ETF approvals, the day they were approved.
However, with other applications beyond XRP ETF pending approval, including Solana and Litecoin, Kendrick noted that other applications in the pipeline could affect the timeline for XRP ETF approval.
“Litecoin seems most likely to progress the fastest, providing early insight into how the new SEC leadership will treat altcoin ETFs,” Kendrick said.
As a hard fork of Bitcoin, Litecoin could already be viewed by the SEC as a commodity rather than a security. According to Kendrick, its similarity to Bitcoin may make it conceptually easier for investors to understand.
This aligns with Balchunas’ forecast that Litecoin ETF could take precedence over a Solana ETF.
“We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the BTC + ETH combo ETFs, then probably Litecoin (because it is a fork of BTC, [therefore it’s a] commodity), then HBAR (because it’s not labeled security), and then XRP/Solana (which have been labeled securities in pending lawsuits),” Balchunas stated.
For now, data on Polymarket shows a 39% chance that XRP ETFs will be approved by July 31 and a 79% chance by December 31.
The charts compare the NAV (Net Asset Value) in USD for Bitcoin, Ethereum, XRP, Solana, and Litecoin via Bitwise ETPs and US spot ETFs.
Figure 12 (left) shows Bitwise ETPs, highlighting Bitcoin’s dominance, while Figure 13 (right) focuses on US spot ETFs, with Bitcoin again leading.
Here’s a summary of more crypto news to follow today:
| Company | At the Close of May 1 | Pre-Market Overview |
| Strategy (MSTR) | $381.60 | $391.45 (+2.58%) |
| Coinbase Global (COIN) | $201.30 | $204.85 (+1.76%) |
| Galaxy Digital Holdings (GLXY.TO) | $24.05 | $26.39 (+9.72%) |
| MARA Holdings (MARA) | $14.05 | $14.29 (+1.71%) |
| Riot Platforms (RIOT) | $7.77 | $7.90 (+1.67%) |
| Core Scientific (CORZ) | $8.55 | $8.73 (+2.11%) |
The post XRP ETF Forecast: Standard Chartered Gives $8 Price Target, But Bitfinex Sees Limited Demand | US Crypto News appeared first on BeInCrypto.
XRP, the digital currency associated with Ripple Labs Inc., is considered one of the coins with big price prospects in this current Donald Trump administration. As the third largest asset by market capitalization, XRP was changing hands for $2.371, down marginally by 0.61% in 24 hours. Despite the mild bearish outlook, there is reason to stay optimistic about long-term growth.
Since President Trump’s election victory, XRP has seen an impressive growth trend. The Republican win paved the way for crypto innovation in the country, forming a major headwind for the coin. In the long term, less regulatory oversight can help the Ripple ecosystem thrive, with an upside for the coin.
The liberation of XRP over the past month is considered a start. However, with this administration’s pro-crypto tilt, analysts are divided on how high the coin could soar by 2028 when President Trump will be at the end of his current tenure.
In an earlier XRP price prediction, analysts issued a target of $150 for the coin. While this forecast is not conservative, the prospect of XRP’s inclusion in strategic crypto reserve in the US offers more optimistic projections. As reported earlier by CoinGape, market analyst Crypto Pal believes XRP could jump to a $10,000 to $35,000 range if added to the reserve.
Beyond the growing speculation of XRP’s inclusion in the reserve, a major challenge lies ahead. Most Bitcoin proponents believe altcoins in the stockpile might produce the opposite effect. However, if the coin bypasses this hurdle, the price has a huge prospect for a breakout.
The Ripple Labs ecosystem is advancing rapidly, fueling the integration of some of its associated products in mainstream finance. As a blockchain payments firm, Ripple Labs always looks for top players to partner with. This has birthed speculations around a potential SWIFT partnership.
If this happens, the upside for the XRP price is enormous, with analysts suggesting a likely rally to $1,000. The coin and other Ripple products may come without much hurdle for SWIFT to integrate. The end of the Ripple and SEC lawsuit has cleared the path for the firm to grow its business in the United States.
Over the past few years, digital currency has been key in powering some global banks’ cross-border settlement systems. According to SBI CEO Yoshitaka Kitao, XRP is already on track to revamp Japanese banks’ remittance businesses.
The current regulatory outlook is expected to pave the way for US Banks to adopt XRP in the long term. Recall that the Office of the Comptroller of the Currency (OCC) has given the green light to banks to engage in crypto-related activities. This can help Ripple rebuild the payment partnerships it lost due to the SEC lawsuit.
Besides this outlook, President Trump’s trade policies, though worrisome at the moment, might indirectly favor American-first crypto innovations. With US Debt financing plans with crypto, the bull case for XRP is further solidified.
Different analysts forecast XRP using different models. However, CoinGape consulted DeepSeek AI on the coin’s price by 2028.
The AI model identified conservative, moderate, and bullish scenarios for the XRP price target. Under the conservative estimate, DeepSeek sees XRP trading around $10 to $20. This forecast hinges on the prospect of gradual adoption in the ecosystem.
The moderate estimate projects the coin to soar from $50 to $100 in the long term due to potential SWIFT and US partnerships. In the bull case scenario, the AI model sees the XRP price trading from $150 to $200 if it becomes integrated into crypto reserves.
Many advocates believe XRP has faced suppression in the past four years owing to the Ripple lawsuit. However, President Trump’s renewed focus on encouraging crypto innovation has renewed the hope for cryptocurrency.
Macroeconomic trends, including potential rate cuts, create a headwind for the coin. This positive outlook shows Ripple may play a key role in redefining global finance by 2028, a trend that will profit XRP.
The post Ripple in 2028: What Could XRP Price Be by the End of Donald Trump’s Second Term? appeared first on CoinGape.