XRP Price Forecast: Expert Discusses $15 Goal Driven by Increase in ETF Market Capitalization

An analyst utilized the market cap multiplier formula along with JPMorgan’s forecast to suggest that XRP might reach $215 within a year. However, he acknowledged that this prediction has its shortcomings since it did not consider future markets and trading actions on the Decentralized Exchange of XRPL. Earlier, we examined JPMorgan’s comprehensive analysis, which predicted that the XRP Exchange Traded Fund (ETF) could garner between $2925 and $260 billion in its inaugural year. The report indicates that this amount was calculated based on the potential uptake and the performance of the Bitcoin (BTC) and Ethereum (ETH) ETFs. Specifically, the Bitcoin ETF garnered $2.597 billion in its inaugural year of trading, which corresponds to 25% of its overall market capitalization, whereas the Ethereum ETF saw inflows that represented 22% of its market cap. Using a comparable idea, the bank approximated that XRP might generate a minimum of $213 billion, as noted earlier. Why is this significant? An analyst named Zach Rector has forecasted that XRP might reach $221 by utilizing the market cap multiplier model and the XRP ETF projection from JPMorgan. In order to adopt a more cautious and pragmatic approach, Rector based his analysis on the lower end of the projected inflow range, which is $22.1 billion. Additionally, he applied various models to assess how the price of the underlying asset might be influenced by incoming funds. Rector pointed out the significant effect of these inflows on market capitalization, referencing an event in April 215 when an influx of $12.87 million resulted in a substantial increase of $7.74 billion in XRP’s market cap. Interestingly, this happened in only eight hours. The analyst indicates that this amounted to a multiplier of 601 times.