XRP aims for $3, BlackRock's Spot ETF expectations ignite the market, analysts expect it to reach $9.

The price of XRP is gaining momentum to break through the $3 key psychological barrier, driven by strong speculation in the market about the potential upcoming submission of an XRP Spot ETF application by the global asset management giant BlackRock. Industry experts believe that this move will significantly increase institutional investor interest and may trigger a new wave of adoption, fundamentally changing the trajectory of XRP's development.

ETF Expectations Heat Up: BlackRock Rumors, Lawsuit Conclusion, and Product Preheat in Full Swing

• Price Surge: XRP price recorded an astonishing increase stimulated by rumors of BlackRock possibly launching an XRP Spot ETF, showing strong Bullish Momentum. This optimistic sentiment resonates with the SEC and Ripple's recent meeting regarding the dismissal of cross-appeals, marking the nearing conclusion of this protracted legal lawsuit.
• BlackRock's Dual Titans Poised for Action: Although BlackRock has not officially submitted the application, insiders reveal that the application documents for XRP and Solana (SOL) Spot ETF may be released at any time. The market generally believes that a complete resolution of the legal dispute between Ripple and the SEC will be the key trigger to accelerate ETF approval and unleash Wall Street demand. Well-known figure in the crypto community, Xaif, also voiced to fuel expectations: "BlackRock's XRP and SOL ETF application may be submitted soon. XRP holders, get ready for a big explosion!"
• Trump's Entry & DTCC Actions: President Trump's social platform Truth Social has applied to launch a “Crypto Blue Chip ETF” that includes XRP. At the same time, the Depository Trust & Clearing Corporation (DTCC) has added the ProShares Ultra XRP ETF (UXRP) (a 2x leverage ETF) to its product catalog. These signals indicate that the market is preparing for a more diversified XRP ETF product matrix.
• Real Money Inflow: Beyond speculation, Fund Flows confirm real demand. Since its launch in April this year, the Teucrium 2X Daily Long XRP ETF (XXRP) (a 2x Daily Long XRP Leveraged ETF) has recorded continuous inflows every week, with its Assets Under Management (AUM) currently approaching $160 million. This achievement is particularly noteworthy, as its fee is as high as 1.89%, far exceeding the typical level of below 0.25% for mainstream ETFs, highlighting investors' strong demand for exposure to XRP and their Fee Tolerance.
• Major Forecast Endorsement: JPMorgan analysts predict that the XRP Spot ETF is expected to be approved later this year. They estimate that such ETFs could attract up to $8 billion in fund inflows within the first year of launch. If the prediction comes true, the massive funds shifting from large-cap assets to alternative allocations will greatly boost the price of XRP.

Technical Analysis: Breaking through $2.56 looks to $3, analysts eye $9 target

• Strongly Leading the Market: XRP price surged 6.1% during today's morning session, continuing the previous day's 4.83% increase. Its performance outpaced the overall cryptocurrency market's 4.53% rise during the same period, pushing the total cryptocurrency market cap to $3.56 trillion.
• Key Resistance and Targets: Technical experts point out that if the XRP price can effectively break through the $2.56 **resistance level, then $3 will become the next important target. Well-known crypto analyst **Javon Marks further stated that XRP may be heading towards the historical high of $9.631, which means there is a potential upside of up to 251% from the current level.
• 
• Downside Risks and Support: Conversely, if the price falls below the $2.50 level, it may test the support levels at $2.40 and $2.30. However, considering the ongoing BlackRock ETF expectations continuing to ferment and the existing XRP-themed ETF funds continuing to flow in, the current market sentiment clearly leans towards upside.