This week, crypto experts are getting ready for a big change because NASDAQ has removed the XRP Mega Squeeze ETF listing notice. In the last few weeks, many big crypto exchanges have also reduced their XRP reserves, and analysts think this could create a price squeeze.
Today, the first Canary ETF with the ticker XRPC has gone live on the stock market, and some experts believe this could bring a huge amount of new money into XRP.
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XRP Price Targets Drastic Measures
HBAR and SOL ETFs are already trading for tens of millions of dollars. Therefore, XRP could also rise even higher. If the price squeeze theory holds true, 4 billion XRP tokens would need to be purchased as soon as the ETF opens. This represents approximately 4% of the total supply of Ripple coins, as the total supply of XRP is 100 billion coins.
FeFe, a prominent analyst on Crypto Twitter with 12.2K followers, says that the price of XRP could reach double-digit levels such as $47 if the XRP ETF attracts $10 billion in inflows in its first week. This may seem overly optimistic, but Canary Capital’s CEO also noted that XRP’s trading volume is typically higher than Solana’s due to strong institutional interest.
At present, wholesale holdings of XRP Mega Squeeze on exchanges have fallen below 5 billion coins. Major names like Coinbase have reduced their XRP reserves by 90% since last summer. This all reinforces the bullish squeeze theory. Simply put: when institutions start buying heavily and supply on exchanges becomes too low, the price of the digital asset moves sharply upward.
If institutional funds flow in slowly, XRP prices could decline in the short term. If inflows decrease, retail investors may also lack the confidence to buy. The overall market mood is also fearful. The Fear & Greed Index is showing 15, indicating that people are more fearful and less greedy.
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People Also Ask – XRP Mega Squeeze:
What’s the point of $47 per XRP?
Some analysts are saying that XRP could reach $47 this week if a strong price squeeze occurs. This happens when people buy a lot of XRP, especially when a new ETF enters the market and brings in a lot of money.
What is a price squeeze, and how could it take XRP to $47?
A price squeeze occurs when people who have bet against XRP are forced to buy XRP again due to the price going up. When buying becomes very strong, such as with a $10 billion ETF inflow, the price can rise quickly and significantly.
What is the ETF’s connection to the $47 prediction?
An ETF is an investment product that directly purchases coins like XRP. If the ETF has to buy 4 billion XRP and the supply on exchanges is low approximately 3 billion and less than 500 million in the OTC market, the price could pump rapidly.
Is it realistic for XRP to reach $47 now?
This is a significant jump from the current price, which is currently hovering between $2.30 and $2.6. Reaching this price requires a lot of buying and perfect market conditions. Many people say it’s difficult, but if you’re squeezed, it’s not impossible.
What should a crypto newbie do if all of this happens?
If you’re new, don’t rush into buying. Observe the market first. Follow updates on sites like Vibeofcrypto.com, understand the basics of XRP, watch price trackers, and if necessary, talk to a financial advisor.
