According to The Crypto Basic, XRP community analyst Moon has stated that the price of XRP will not reach $100 solely due to inflows from spot ETFs. Despite the bullish sentiment around the first XRP ETFs, which launched shortly after his comments, Moon argues that ETFs alone cannot drive the price to ambitious levels like $100 or even $10. He has previously set more conservative price targets based on technical analysis, such as $2.8 to $3 and $4.5 to $4.8. Although Moon acknowledges the positive impact of ETFs in attracting new investors, he insists that other factors must align for XRP to achieve significant price gains. Despite strong inflows into XRP ETFs, the price has continued to decline, trading at $1.89 as of the report.
XRP Analyst Says ETF Inflows Alone Won't Push Price to $100
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