- First XRP ETF launched with $37.7M in opening-day volume.
- Analysts see ETFs absorbing 1–4% of circulating XRP in year one.
- Gemini projects a possible rally toward $6–$15 if demand spikes.
The launch of the Rex-Osprey XRP ETF (XRPR) drew $37.7 million in day-one volume, marking the biggest ETF debut of the year. More XRP ETFs from Franklin Templeton, Bitwise, WisdomTree, and 21Shares could be approved in October, fueling speculation about their impact on price.
How XRP ETFs Might Impact Circulating Supply
CryptoQuant’s Julio Moreno estimates XRP ETFs could absorb 1%–4% of circulating supply in year one. With 59.77 billion XRP in circulation, 4% equals 2.39 billion tokens—roughly $7.17 billion at a $3 price point. Such demand could reshape supply dynamics and market liquidity.

Gemini Predicts XRP Price If ETFs Drive Billions in Inflows
Google’s Gemini AI suggested that if ETFs soak up billions in XRP, supply shortages could push prices sharply higher. Drawing parallels with Bitcoin ETF inflows, Gemini projected a potential rally of 2x to 5x from current levels, meaning XRP could reach $6–$15.
XRP Price Outlook Remains Bullish but Speculative
While the scenario looks highly bullish, Gemini stressed it remains speculative. Actual outcomes will depend on how much liquidity enters the market and whether institutions sustain demand. Still, the ETF momentum is giving XRP one of its most optimistic outlooks in years.