XRP is drawing renewed attention after predictions suggests it could reach a price range of $50 to $70 by August 1. According to a recent post by FinanceBro on X, multiple developments across the XRP ecosystem are aligning to support this bullish forecast.
Recently, the first XRP Exchange-Traded Fund (ETF) was launched in Canada, adding momentum to market expectations. The ETF is said to mark the start of the wider institutional exposure to XRP.
Meanwhile, other XRP ETF proposals are awaiting approval in the United States, which indicates the potential new inflow of demand.
Also Read: XRP Path to $200 Revealed – Analyst Says Not “If,” It’s “When”
Institutional adoption is on the rise in several financial markets. In a recent interview, Ripple’s president, Monica Long, confirmed that over 50 banks in Japan are implementing a distributed ledger technology developed by Ripple.
This network is set to reform the traditional domestic and international conventional payment systems. Australia, the United Arab Emirates, Switzerland, and Hong Kong are also said to be experiencing growing institutional onboarding.
‼️MUST SEE: $50-$70 PER #XRP BY AUGUST 1ST AS ETF ACCEPTANCE FOR XRP ETFs GO GLOBAL!! ALSO RIPPLE PRESIDENT SAYS JAPANESE BANKS ARE ALREADY COMPLETELY UTILIZING XRP‼️ pic.twitter.com/pAQKxC5Gwl
— FinanceBro (@FinanceBroYT) June 19, 2025
In addition to ETF momentum, there has also been increasing activity on-chain. Last month, 51 tokens were launched on the XRP Ledger through Banxchange, a multichain crypto platform that fouses on integrating XRP Ledger with ERC-20 chains.
Every new token results in the burning of 1,000 BXE tokens, resulting in 51,000 BXE tokens being burned. This burn mechanism is directly connected with each token generation via Banxchange and introduces a certain amount of scarcity to both BXE and XRP since XRP will also experience a slight burn on each transaction on the ledger.
Liquidity Proposal May Drive Broader XRP Use
A proposal submitted to Ripple is now under review and could bring a notable change. If approved, any token launched via Banxchange on the XRP Ledger would be backed by Ripple’s On-Demand Liquidity (ODL) system through the BXE token.
This would allow small businesses to create tokens and accept payments using a liquidity structure managed through Ripple without the need for individual partnerships.
Such integration would enable rapid expansion of XRP usage across different sectors while maintaining Ripple’s focus on large institutional partnerships.
Meanwhile, BXE presale will go on until July 1 or until the first 1.4 million tokens are sold, with the total amount limited to 500 million. Such scarcity also works towards boosting token demand as its use case increases.
As ETFs begin to launch, big Investor interest surging, and XRP Ledger activity rises, what seems to be creating the basis of a price eruption is underway.
Market analysts and XRP holders are on the edge of their seats because some major proposals and approvals might affect the XRP rate. This could boost XRP price to reach an estimated range of $50 and $70 by August 1.
Also Read: Prominent Analyst Reveals What He Would Do Once XRP Hits $10
