Based on Bijié Wǎng, Jake Claver, CEO of Digital Ascension Group, predicts significant XRP price volatility as spot ETFs rapidly deplete off-exchange and dark pool liquidity. He estimates that approximately 800 million XRP were absorbed in the first week of ETF trading, with over 300 million XRP now held in ETFs totaling $676 million in assets. Claver warns that as off-exchange supply dwindles and ETF demand rises, price discovery will shift to public exchanges, potentially triggering sharp price swings. He cites Kraken's recent XRP price spike to $91 as a possible preview of what's to come. Other XRP analysts, including Chad Steingraber, also highlight ETF inflows as a key driver of XRP's recent price gains.
Jake Claver Predicts XRP Price Volatility as ETFs Deplete Off-Exchange Supply
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.