Analyst Predicts XRP Price Could Reach $220 Driven by ETF Influence

Crypto analyst Chad Steingraber predicts that XRP could rise to $220 due to Exchange-Traded Funds (ETFs) impact, drawing parallels with Bitcoin's ETF-driven price surge. His analysis suggests:

XRP ETFs could lead to massive institutional inflows, increasing demand and prices.
Following Bitcoin's post-ETF performance, XRP could see a 100x price increase.
The Canary XRP ETF, XRPC, has shown significant inflows, indicating growing institutional interest.
Potential scenario where ETFs acquire over $1 billion worth of XRP daily, impacting supply and price.
Within six months, ETF demand might purchase nearly 27.5 billion XRP, significantly affecting its circulating supply.
ETFs could create supply constraints, fueling upward momentum even without price appreciation.
Possibility of ETFs consuming the entire public supply of XRP within one year.

XRP