Analysts See XRP Hitting $4, Solana $250 as ETF Buzz Builds
XRP’s resurgence is fueled by a confluence of factors: a partial legal victory for Ripple in March, renewed ETF speculation, and overall post-lawsuit momentum. This positive sentiment, despite recent price volatility including a significant liquidation event, is driving institutional confidence and attracting renewed investor interest. The launch of futures products like ProShares’ UXRP is a key indicator of this growing institutional involvement, further bolstering speculation about a potential spot XRP ETF.
According to Bitget Wallet CMO Jamie Elkaleh, the increased legal clarity following Ripple’s win is significantly improving XRP’s legitimacy within US markets. This improved market depth is contributing to XRP’s price momentum, although a recent price surge above $3.60 was followed by a retracement to around $3.09 after a $105 million liquidation of long positions and a large wallet transfer linked to Ripple co-founder Chris Larsen.
Despite this volatility, analysts at Bitget Research maintain a constructive outlook. Chief Analyst Ryan Lee points to renewed ETF speculation and improved legal clarity as major catalysts pushing XRP towards the $3 mark, with potential for further gains to $3.50-$4 in the coming weeks if momentum holds. While current ETF exposure is limited to futures contracts, analysts believe a spot ETF would trigger substantial further inflows, especially if the SEC maintains its relatively less adversarial stance following the March ruling.
Solana (SOL) is also experiencing a price upswing driven by ecosystem growth and ETF-related discussions. Trading near $197, analysts predict a rise to the $200-$250 range if adoption trends continue. The more crypto-friendly regulatory environment in the US is further boosting sentiment around both XRP and SOL.
Both assets, however, face potential risks from broader macroeconomic downturns or shifts in regulatory landscape. Nevertheless, analysts believe that improving liquidity, growing institutional investment, and the emergence of ETF products – even initially just futures – are creating a bridge connecting retail and institutional investors. The future price trajectory hinges less on narratives and more on whether investor inflows can match the current market expectations.
