Eric Balchunas, Bloomberg’s senior ETF analyst, has validated JPMorgan’s prediction for XRP ETF inflows. The success of Bitcoin (BTC) ETFs in 2024 has driven speculation about the approval of altcoin ETFs, particularly XRP and Solana.

XRP ETF Inflow Prediction

According to a popular media outlet, JPMorgan forecasts that the total inflow into XRP and Solana ETFs could be around $14 billion during their first year if approved, drawing comparisons to Bitcoin and Ethereum funds. The leading financial institution also predicted that XRP ETFs will generate between $4 billion and $8 billion in inflows to reach 3% to 6% market penetration.

In addition, the firm predicted that Solana ETFs could realize between $3 billion and $5 billion in inflows. For perspective, Bitcoin ETFs now hold about $108 billion in assets or 6% of Bitcoin’s nearly $2 trillion market capitalization.

Similarly, Ethereum ETFs hold 12% of ETH’s $400 billion market cap or $12 billion in ETH under management. If XRP ETFs record similar rates of adoption, they could also note similar amounts in inflows.

Regulatory Timelines for XRP ETF

Despite JPMorgan’s optimistic outlook, regulatory hurdles persist. Due to shifting administrative dynamics, approval for XRP ETFs or even Solana ETFs might extend into the second half of 2025.

With Donald Trump’s history of supporting digital assets and Paul Atkins’ known advocacy for lighter regulations, industry insiders are optimistic about reduced delays. Many firms, including Canary Capital, 21 Shares, Bitwise, and WisdomTree, have expressed readiness to launch XRP ETFs, while VanEck and Ark Invest are exploring Solana ETFs.

Market participants remain poised for regulatory clarity to unlock this next chapter in crypto investing. JPMorgan analysts note that an administration change could create a more favorable environment for cryptocurrency ETFs.

XRP Price Soars

XRP’s price is up 8% within the last day and trades at $2.76. The gains happened after Ripple executives criticized the US SEC’s decision not to postpone its appeal filing.

Ripple’s legal chief, Stuart Alderoty, labeled the SEC’s appeal strategy a misstep, while CEO Brad Garlinghouse suggested that the regulator’s enforcement approach could shift under new leadership. The SEC filed the case in 2020, claiming that Ripple sold XRP as unregistered securities.

Ripple Supports California Wildfire Relief Efforts

Meanwhile, Ripple has donated $100,000 worth of XRP to victims of the recent California wildfire incident. The firm’s contribution will support efforts by the two non-profit firms providing on-the-ground assistance to victims.

In its official statement regarding its donation, Ripple stated that Jared Isaacman would match it. Incoming president Donald Trump has nominated Isaacman to head NASA

Notably, Ripple and Isaacman donated through The Giving Block, a platform for free-will donations using cryptocurrencies. The platform aims to raise $2 million to help with ongoing relief efforts.

However, as of this writing, over 100 contributors have made over $30,000 in crypto donations, with Ripple being the first corporate donor to support this initiative. This support comes a few days after it contributed $50,000 to the Los Angeles Fire Department Foundation through a partnership with MoonPay, a leading fintech payment firm.

XRP Price Action

XRP’s price has risen from $0.60 to nearly $3.00 in the last few weeks. Its recent breakout above $2.74 signals renewed investor interest as it approaches the critical $3.00 resistance level.

Technical indicators like the 50-day Simple Moving Average (SMA) suggest bullish sentiment. The RSI at 67.70 suggests room for further growth despite nearing overbought conditions, while the MACD indicator also indicates continued upward movement.

Additionally, market dynamics indicate strong buyer interest during pullbacks, as seen when the price consolidated between $2.00 and $2.74 before surging again. This consolidation phase allowed buyers to re-enter the market, creating a foundation for further price gains.

Should factors sustaining the XRP bullish momentum fail to hold, the digital asset will find support at $2.00-$2.50 and could attract buyers looking to buy the dip.