BlackRock XRP ETF discussions have officially begun as the asset management giant confirms SEC meeting request. Meanwhile, as a whale investor puts $6 million on XRP’s price rise, this information has been made public. A possible $3 price target is achieved in case an ETF is approved formally.

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How BlackRock’s XRP ETF Could Trigger a $3 Rally in 2025

BlackRock And JPMorgan Make a 7,500,000 XRP Move
Source: Watcher Guru

BlackRock Confirms SEC Meeting on XRP ETF Potential

Blackrock confirms XRP ETF Meeting
Source: X

The possibility of a BlackRock XRP ETF launch taking place has become more promising since the company asked formally for the engagement with the crypto task force of the SEC. The schedule describes important points for the approval of crypto ETFs and relevant regulatory aspects.

The meeting request from BlackRock states:

“We request a meeting with the SEC Crypto Task Force to discuss the following topics below: Overview of BlackRock Digital Assets Product Suite: Provide overview of market developments with respect to BIT, ETHA and BlackRock USD Institutional Digital Liquidity Fund (BIDL).”

Whale Investor Places $6M XRP Bet

A major investor has shown extraordinary confidence in an XRP price surge, potentially tied to BlackRock XRP ETF developments. This whale deposited $5.84 million in USDC to establish a leveraged XRP position.

Screenshot of Hyperliquid transaction data showing the $5.84M XRP position
Source: OnChainLens

Onchain Lens reported:

“8 hours ago, a whale deposited $5.84M $USDC into #HyperLiquid to place a long position on $XRP with 2x leverage.”

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Analysts Target $3 XRP Price Point

Technical indicators suggest $3 as a realistic target if regulatory clarity continues improving and a BlackRock XRP ETF materializes. Chart patterns show a series of higher lows forming support trends.

XRP/USDT technical analysis chart showing potential price trajectory towards $3
Source: TradingView

Market analyst arman_shirinyan noted on TradingView:

“XRP $3 is next target.”

ETF Approval Timeline and Competition

Just like approved Bitcoin and Ethereum ETFs, filing its submission after the model has been used for Bitcoin and Ethereum ETFs, the BlackRock XRP ETF can be approved in a period that is 6 to 8 months after its filing. The SEC’s part decision behind Ripple is that automated XRP transactions do not qualify as security.

BlackRock’s meeting request specifically addresses:

“Crypto ETF Approval Standards: Discuss the standards applied for improving crypto ETF filings, including ‘sufficient’ means to meet the standards under Section 6(b) of the Exchange Act and considerations for a potential interim framework for ETP issuer activities.”

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