TL;DR

• An ETF approval could fuel a triple-digit XRP rally in the mid-term (according to ChatGPT).
• Despite the positive outlook, there is a risk of a “Buy the Rumor, Sell the News” effect, where prices fall after the possible green light.

The Potential Price Targets

Ever since the launch of exchange-traded funds (ETFs) in the US tracking the performance of Bitcoin (in January 2024) and Ethereum (July 2024), industry participants have been wondering what’s coming next.

There have been some indications lately that an XRP ETF may go live in the near future. Bitwise registered such an investment instrument in Delaware at the beginning of October, while Canary Capital followed suit several days later. The former is yet to file the ETF with the US SEC (the agency that decides whether these funds will be approved), while the latter already did so.

The Commission has been at legal war with Ripple for nearly four years, meaning a green light from it could be quite challenging. However, a possible nod is not entirely out of the cards and might significantly boost the price of XRP. We decided to ask ChatGPT to specify exactly how high the valuation could jump if that were the case.

The AI-powered chatbot estimated that the token’s price could soar to $1.50 within months of approval. However, thi