XRP's price may soar to $12 if XRP ETFs attract $10 billion in inflows within their first month, according to Canary Capital CEO Steve McClurg. McClurg revised his initial $5 billion target, highlighting the potential for significant market impact. He referenced the success of Bitcoin futures, which saw a $1 billion inflow on their first day, ranking among the top 10 ETF launches.
Analyst Dom's previous analysis suggested a 272x inflow-to-valuation multiplier, with even a conservative 54.4x estimate indicating a $544 billion market cap increase. This would elevate XRP's market cap to $724 billion, driving the price to approximately $12. McClurg believes that if the inflow target is achieved, XRP ETFs could rank among the top 10 ETFs of all time.
XRP Price Could Hit $12 with $10B ETF Inflows, Says Canary Capital CEO
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.