An article published on the website of asset management giant Fidelity Investments has drawn attention for highlighting bullish price forecasts for XRP.
The piece links an $8 XRP price prediction to spot XRP ETF inflows and a more favorable regulatory environment in the United States.
The article has been widely shared within the XRP community. However, it is not Fidelity’s own research. Instead, it was part of a syndicated crypto news feed hosted on the firm’s platform.
Multiple XRP Price Targets
The report references several third-party forecasts. According to the article, Standard Chartered believes XRP could reach $8 if spot XRP ETFs attract significant investor demand and U.S. regulations become more supportive of digital assets.
The article also cites analysts on TradingView who expect XRP to rise toward $3.30 and $8.50 after breaking out of a long-term symmetrical triangle pattern.
Other long-term models mentioned in the report are even more optimistic. They project XRP could reach $12.04 in the medium term and climb to $26 by 2030 with ETF adoption.
X user Tom highlighted the article and argued that both Standard Chartered and Fidelity were pointing toward an $8 XRP target. Citing a breakout and successful retest of a nine-year consolidation pattern, he expects XRP to reach between $8 and $10 before year-end.
Whale Accumulation Report
The article also highlights strong whale activity. It claimed wallets holding at least 1 million XRP accumulated 1.53 billion tokens over the past six months. Accordingly, he claimed these wallets now control roughly 74.1% of XRP’s circulating supply.
Notably, the data comes from a previous on-chain report from analytics firm Santiment. In May, The Crypto Basic reported that XRP whale wallets holding more than 10 million XRP reached an 8-year high. Their holdings totaled 45.83B XRP, about 74% of the supply, the highest since May 2018.
At the time, on-chain data showed continued accumulation with whales steadily increasing their holdings, supporting a +5.7% weekly price gain.
Fidelity Has No XRP ETF Plans
It is worth noting that Fidelity has not shown direct interest in XRP through an ETF. The company remains active in digital assets through the Fidelity Wise Origin Bitcoin Fund (FBTC). The fund is the second-largest U.S. spot Bitcoin ETF behind iShares Bitcoin Trust and manages $11 billion in Bitcoin holdings.
Meanwhile, several firms have launched XRP ETF products, including Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale.
In sum, while the article’s appearance on Fidelity’s website has boosted enthusiasm among XRP supporters, the forecasts and on-chain data cited in the report come from external analysts and research providers, not Fidelity’s in-house investment team.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.