XRP futures ETF launch on May 22 has attracted significant institutional demand, with analysts predicting a 580% surge in XRP prices.
The launch of the first XRP Futures ETF called XRPI is a significant development for institutional crypto products, providing exposure to XRP without direct token ownership.
XRP open interest has surpassed $4.96 billion, indicating growing demand from traders and institutions, with ProShares and Teucrium expanding their XRP ETF offerings.
Price targets for XRP are reaching $15, driven by historical trends and technical projections, and regulatory clarity from legal hurdles is seen as a catalyst for a potential breakout in XRP prices.