The XRP community is abuzz with speculation this week as chatter intensifies around the possibility of BlackRock—yes, the $11 trillion financial behemoth—filing for a spot XRP ETF. While nothing has been confirmed yet, traders and analysts are increasingly convinced that a filing might be right around the corner. And if it happens, XRP’s price could experience the kind of breakout investors have long been waiting for.
At the moment, XRP is trading at $2.34, showing a modest 0.9% gain in the last 24 hours. While that’s still nearly 38% off its all-time high, a BlackRock spot ETF filing could be the catalyst that launches the token into a whole new price tier.
ETF Approval Odds Hit 83% — But Why?
On-chain speculation has been fueled by a notable surge in approval odds on Polymarket, a blockchain-based prediction platform. According to current trading activity, there’s an 83% chance that a spot XRP ETF gets the green light. That’s a sharp 15% increase from just a month ago—an indicator that sentiment is shifting quickly in favor of regulatory approval.
BlackRock hasn’t commented publicly about any XRP-related plans, but their track record provides some clues. The asset manager was relatively late to the party when it came to Bitcoin and Ethereum ETFs—filing only months before regulatory approval came through. If history repeats itself, a BlackRock XRP ETF filing could be a signal that SEC approval is on the horizon.
Ripple’s Position Could Boost the Odds
Beyond the speculation, there are some substantial developments that could make an XRP ETF more appealing. Ripple, the company closely associated with XRP, continues to solidify its role in institutional finance. CEO Brad Garlinghouse has been vocal about growing interest from major institutions, and Ripple’s acquisition of Hidden Road, which is linked to the DTCC (the clearinghouse giant), positions it strategically in the traditional finance world.
There’s also buzz around Ripple’s rumored interest in acquiring Circle, the company behind USDC. If that deal happens, it would be a game-changer—giving Ripple a broader payments footprint and potentially strengthening the case for ETF products tied to its ecosystem.
Add to that the growing demand for XRP futures on the CME and Nasdaq, and it becomes clear: the infrastructure is being laid out for institutional adoption. The timing of a BlackRock move could be more than just speculation—it could be strategic.
What Could Happen to XRP Price?
If BlackRock does indeed file for a spot XRP ETF this week, analysts believe XRP could go parabolic. Drawing comparisons to Ethereum’s rally in late 2023, where ETH doubled in price within four months of BlackRock’s filing, similar momentum could push XRP to around $4.60 from current levels.
According to projections based on past ETF trends, XRP could potentially breach $3 within a week of a BlackRock filing. That’s not unprecedented—both Bitcoin and Ethereum saw similar short-term rallies on ETF-related news. In XRP’s case, it might not even take actual approval from the SEC; a simple filing could be enough to ignite a massive buying spree.
However, it’s worth noting that BlackRock has so far limited its crypto ETF ventures to the top two digital assets: BTC and ETH. This cautious approach may reflect lingering concerns about regulatory clarity and long-term utility among altcoins. So while XRP has the infrastructure and interest, BlackRock may still need more convincing before diving in.
The Bottom Line
While no filing has been confirmed yet, the stars are aligning for XRP. The token is supported by increasing institutional interest, rising ETF approval odds, and robust futures market activity. Should BlackRock take the plunge and file for a spot ETF, XRP could find itself not only reclaiming its all-time high but potentially surpassing it.
Still, until there’s a concrete filing, this remains speculative. Investors should keep a close eye on SEC developments, Ripple’s strategic moves, and of course, any official word from BlackRock. If a filing does come through, expect fireworks—not just for XRP, but for the entire altcoin space.
