XRP might be looking at a massive price rally i

XRP might be looking at a massive price rally if spot XRP ETFs pull in even a slice of the capital that has poured into Bitcoin ETF products. 

Most recently, Bloomberg ETF analysts Eric Balchunas and James Seyffart confirmed that they have updated the chances of an XRP ETF approval to 95%. This has further triggered excitement about what that could mean for XRP’s price.

XRP Price if XRP ETFs Attract 35% of Bitcoin ETF Inflows

Notably, if XRP ETFs attract a small fraction, say 35% of the net flows that Bitcoin ETFs have pulled in since launching in January 2024, our calculations indicate that XRP price could reach nearly $30. 

To put things into perspective, Bitcoin ETFs have seen $46.66 billion in net inflows since their launch. If XRP manages to pull in 35% of that, it will record about $16.331 billion in netflows. Such a development would have a tremendous impact on prices.

Importantly, in market valuations, price doesn’t rise one-for-one with capital inflows. Instead, traders use multipliers to estimate how inflows affect market cap. Some past multipliers reached 674x.

However, for the sake of achieving a conservative estimate, we leveraged a more modest 100x multiplier, which gives a clearer picture without overhyping. At that rate, $16.331 billion in ETF inflows would add $1.633 trillion to XRP’s value.

Right now, XRP has a market cap of $125.87 billion and trades at $2.13, with a circulating supply of 58.93 billion tokens. If you add $1.633 trillion to its current market cap, the total jumps to $1.759 trillion. That puts XRP’s projected price at $29.89 per token, nearly $30, considering the current circulating supply.