Institutional XRP Support Surges as Former BlackRock Exec Predicts Success

The institutional support for XRP continues to grow, with a former BlackRock managing director stating that XRP's success is 'inevitable' and a crypto commentator agreeing.

The executive pointed out that major financial institutions are actively adopting Ripple's technology as the key signal for XRP's success.

Nate Geraci, president of The ETF Store, has predicted that BlackRock will file for a spot XRP ETF, suggesting the firm may be waiting on a formal regulatory framework before submitting.

XRP ETFs have recorded eight straight days of inflows, pulling in $127 million in August alone, and institutions now hold 1.63% of XRP's circulating supply.