A bullish view that XRP could rise to $8 posted on Fidelity Investments\' website has drawn attention from the XRP community. The item was not Fidelity\'s own investment research but content from an external cryptocurrency news feed carried on its platform. The content cited spot XRP ETF inflows and a favourable U.S. regulatory environment as key conditions. Analysts and supporters also referenced technical analysis and on-chain data from Santiment, while noting the figures were not from Fidelity.

XRP spot exchange-traded funds could absorb 5 to 6 percent of XRP’s circulating supply in the short term, a forecast said. Grayscale Investments research head Zach Pandl said on a podcast that all listed XRP ETFs combined could ultimately hold about 5 to 6 percent of supply, calling it an initial estimate. XRP spot ETFs have recorded cumulative net inflows of $1.42 billion since launch, though total net assets slipped with recent price declines.