What Are The Chances To See XRP Hit X2 From Here?

Few cryptocurrencies have managed to achieve the same kind of price growth that XRP has. Back in 2017, XRP was trading at $0.006 or so. By January 2018, it reached its first major all-time high of approximately $3.84, a phenomenal growth of over 60,000% in just one year. Unlike most assets, XRP landed on the SEC’s radar. Ripple spent $150 million battling the government in a heated legal clash with former SEC Chair Gary Gensler, whose approach to cryptocurrency was frequently described as tough and uncompromising. The company behind XRP ultimately pulled through and won its long-running civil suit with the SEC. 

If you’ve been keeping a close eye on the news because you want to buy XRP, you know there’s been talk of an XRP exchange-traded fund (ETF). While several firms have already filed applications, BlackRock claims the spotlight, fueling speculation that the world’s largest asset manager might be preparing a surprise move. A filing from Larry Fink’s team would signal the green light for Wall Street, opening doors to institutional money. Crypto market commentator Zack Rector believes that a BlackRock XRP ETF filing would be a turning point for the crypto market by expanding regulated access, liquidity, and portfolio integration for heavyweight investors.