XRP is primed for a 22% price breakout, says Lacie Zhang, research analyst at Bitget Wallet.
Zhang argued that the Monday launch of crypto asset manager Grayscale’s new GXRP ETF will pave the way for a price rally.
“A breakout could target $2.50 and beyond, supported by a spot-ETF catalyst,” Zhang told DL News.
That would translate to XRP’s price surging 22% above its current levels.
Others have told DL News that XRP’s price is well positioned to surge by as much as 21% to $2.75.
The third-largest crypto’s key drivers include “actual ETF trading volumes” and “stablecoin reserves flowing into XRP,” Zhang said.
Grayscale joins a flood of XRP ETFs washing over Wall Street.
As of November 21, the Depository Trust and Clearing Company’s pipeline shows listings from Grayscale, Franklin Templeton, 21Shares, Bitwise, ProShares, and CoinShares.
On November 13, traders poured nearly $250 million into Canary Capital’s spot XRP ETF on launch day, marking the largest crypto ETF debut of 2025.
Wall Street hit
US spot XRP ETFs have enjoyed $422.64 million in investment since Canary Capital’s blockbuster debut on November 13, despite the broader market selloff.
In that same time period, Bitcoin ETFs saw $2.5 billion in sales, DefiLlama data shows.
“In the short term, ETFs will signal demand and a cleaner on-ramp for institutions,” Lawrence Samantha, CEO of crypto investment platform NOBI, told DL News.
The arrival of multiple regulated products “broadens liquidity, lowers custody friction, and makes XRP a more investable asset class if inflows persist,” he said.
Steven McClurg, CEO of Canary Capital, echoed that optimism for XRP ETFs in August, predicting that the funds will attract $5 billion in investment in their first few months of trading.
But despite the strong launch momentum and ETF inflows, XRP’s price is down more than 40% from its July all-time high of $3.65, trading at $2.07 at time of reporting.
To be sure, XRP is still up over 40% on the year, outperforming Bitcoin.
Ripple scores big
Ripple, the firm that developed the XRP cryptocurrency, has also made notable moves this month.
On November 5, the firm tripled its valuation to $40 billion following a $500 million strategic funding round led by Citadel Securities, Fortress Investment Group, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
That same day, Ripple announced a partnership with Mastercard and Gemini to enable stablecoin payments for credit card transactions, a major corporate win that positions XRP deeper into financial rails.
