XRP ETF Buying Drives Price Prediction to $2.14 Target

XRP's recent rebound has caught the attention of institutional investors and exchange-traded fund (ETF) buyers. Data from SoSoValue shows that US XRP ETFs have recorded net inflows for six consecutive months, pulling in roughly $474 million over that period.

This surge in demand is giving a boost to XRP's price prediction, with CryptoSlate's 90-day model placing the bullish outcome at the 80th percentile. The model suggests that XRP could climb above its reference level of $1.35 and potentially reach $2.14 by late November.

However, it's essential to note that the median forecast is far lower at $1.47, leaving the headline target in the optimistic part of a wider range. The model generates its range from 2,000 simulated price paths using volatility modeling, historical simulation, and quantile regression.