- BlackRock and Nasdaq fuel XRP ETF speculation at Ripple Swell.
- XRP rallies 18%, breaking key resistance toward higher targets.
- Analysts predict XRP could surge to $3.60 and beyond.
The XRP community is closely watching Ripple’s flagship Swell conference as speculation builds around possible ETF developments. The availability of BlackRock’s Director of Digital Assets, Maxwell Stein, and Nasdaq CEO Adena Friedman has fueled a demand for a possible spot XRP ETF.
Ripple Swell is an unparalleled gathering of the major players in finance, crypto, and regulation. This year, it will also include Sandy Kaul of Franklin Templeton, Chris Larsen, Monica Long, and Stuart Alderoty, along with Ripple CEO Brad Garlinghouse.
Other participants include Hunter Horsley of Bitwise and Cynthia Lo Bessette of Fidelity Digital Asset Management. However, the involvement of the representatives of BlackRock and Nasdaq has caused the most heated debate among investors.
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ETF Speculation Intensifies Around Ripple Swell
According to market analyst Scott Melker, Nasdaq’s role in hosting BlackRock’s Bitcoin and Ethereum ETFs makes Friedman’s presence at Swell highly significant. Nasdaq has been the listing venue for key filings, including the crucial 19b-4 proposals with the SEC. This relationship has caused most people to think that the same might be tracked on an XRP ETF if BlackRock follows that route.
Back in August, BlackRock stated it had no immediate plans to expand beyond Bitcoin and Ethereum ETFs. However, the president of the ETF Institute, Nate Geraci, was sure that XRP would be the next candidate, as it is clearly regulated and its demand is increasing. Geraci argues that the Introduction of the XRP ETF by REX-Osprey on September 18 can create some pressure that will compel bigger companies such as BlackRock and Fidelity to respond.
Also, the verified presence of Cynthia Lo Bessette in the company of Fidelity has only promoted speculation. As both BlackRock and Fidelity are associated with the conference, there is a high anticipation of announcements that will transform the XRP market.
XRP Price Outlook for 2025
XRP has seen a strong rebound from its September low of $2.69, rallying over 18% and briefly trading at $3.18. The breakout is accompanied by a long-term trendline of downward movement being broken and a bullish divergence in the on-balance volume.
At present, XRP is attempting a central resistance region of $3.30. According to the market watchers, a weekly close above this level would lead to a push towards $3.60. Prominent analyst Ali Martinez believes such a breakout would set the stage for new all-time highs in 2025.
Conclusion
The convergence of Ripple Swell’s influential speakers and the broader momentum in crypto markets has fueled optimism around XRP’s future. As the ETF speculation heats up and technical indicators switch to a bullish position, XRP is now at a key juncture that will either see it reach new record territory or not.
Also Read: XRP Breakout Looms as Key $3.07 Level Decides Next Move Toward $4.20
