Analysis: XRP's Potential to Reach $5... BlackRock's ETF Application Draws Attention

# XRP Price Surge Driven by BlackRock ETF Speculation XRP is exhibiting strong bullish momentum with projections suggesting a potential short-term rise to $5. This optimism is fueled by speculation that major asset management firm BlackRock plans to file for an XRP and Solana ETF in the United States. Today, XRP's price surged approximately 6%, reflecting strong market confidence. XRP's price spike of over 6% today is part of a broader cryptocurrency market recovery. This surge comes amid conjecture that BlackRock will soon file for an ETF based on Ripple's XRP and Solana. Additionally, some experts are forecasting new all-time highs (ATH) for XRP, underscoring the bullish outlook. # BlackRock ETF Rumors Ignite Investor Optimism Investor sentiment in the XRP community has soared following comments from Nate Geraci, President of the ETF Store. Geraci recently suggested in a post that BlackRock is likely to submit applications for both Solana and XRP ETFs soon. He stated that BlackRock, which leads the Bitcoin and Ethereum ETF market, would not allow competitors to dominate these evolving sectors. “BlackRock will file for Solana and XRP ETFs. Solana could come soon, and for XRP, it might be after the SEC lawsuit concludes. BlackRock will not sit back and let competitors launch ETFs for these assets,” Geraci said. Should BlackRock lead the charge in applying for these asset-specific ETFs, it could significantly boost institutional investor interest in XRP, further enhancing bullish sentiment among investors. # Experts Raise Possibility of XRP Surpassing $5 Following Geraci's remarks, market analysts have issued optimistic predictions for XRP. Reports from CoinGape indicate that some analysts see the potential for XRP to rise up to $15, while another expert posits that XRP could reach new ATHs. Well-known cryptocurrency expert Rose Premium Channels suggests that XRP could hit $5 in the short term. According to their analysis, key support levels for XRP are at $2.1 and $2.2, with subsequent targets set at $3, $4.2, and ultimately $5.