XRP Price Hovers Near $1.50 as BlackRock Rumors Resurface

XRP's price is currently trading around $1.49-$1.50 after falling about 5% in a week.

The immediate tension is whether existing funds have attracted enough demand to justify BlackRock entering as XRP tests a pivotal support area.

Seven other U.S. spot XRP ETFs held approximately $1.77 billion in assets and about 1.18 billion XRP, or 1.9% of the circulating supply.

BlackRock's relationship with Ripple does not change the assessment that there is no confirmed filing or launch for a spot XRP ETF.