Analyst Forecasts and ETF Inflows
Wall Street analysts forecast that new XRP and Solana exchange-traded funds (ETFs) will drive up the assets’ prices by attracting institutional investment. Ray Youssef, CEO of NoOnes, stated that regulated products create a steady inflow channel for these cryptocurrencies.
The XRP and Solana ETFs have attracted just over $955 million in inflows over the past month, according to data from SoSoValue. This marks a sharp contrast to Bitcoin and Ethereum ETFs, which saw combined net outflows exceeding $5 billion during the same period.
Price Predictions and Market Context
Youssef predicts that XRP will rise by 33% and Solana (SOL) by 10%. Other analysts have previously stated they expect XRP to hit $2.50 and SOL to reach $160. This optimism comes as the broader cryptocurrency market climbed roughly 2%.
Investment Disclaimer
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.