Crypto enthusiasts are currently focused on XRP to assess its price movement. Everyone is anticipating the next major XRP price movement. The price prediction chatter has intensified after a strong bullish run of the token. While the long-term outlook suggests that the token may soon reach a $ 1,000 mark, the short-term outlook indicates that the token is poised for a sharp price movement.
However, the crypto expert suggested that the release of a new ETF could cause this price movement. Well-known market analyst SMQKE highlights that the price movement could be attributed to growing institutional interest.
Ripple CEO Brad Garlinghouse has openly stated that an XRP ETF is inevitable. In other words, the market will soon be able to see an XRP-based ETF. As a result, there may be significant price fluctuations in the near future.
While some investors, such as Matthew Brienen and Patrick Bet-David, are quoting exorbitant figures, such as $1,000. However, this could not be the case. Meanwhile, other investors are suggesting that the price could reach a moderate high of $285.
Either way, both outcomes are highly positive and could yield a significant return on investment (ROI). Hence, while the token price may not reach as high as we initially thought, it can certainly surpass the current mark. Hence, now is the right time to keep your eyes on XRP.
