JP Morgan Said to Accumulate XRP Before Spot ETF Decision
Rumors suggest JP Morgan XRP accumulation has begun ahead of potential spot XRP ETF approval. Analyst John Squire reported that the bank may be quietly buying XRP. This move could signal growing institutional adoption if regulators green-light spot XRP ETFs. Six asset managers, including Franklin Templeton, WisdomTree and Grayscale, have amended filings for spot XRP ETFs. The SEC extended review deadlines into October 2025. Market observers say institutional capital could drive higher liquidity and trading volumes. Price projections range from $10 to $20 per XRP on ETF approval. While some community members urge caution, even unverified reports have boosted XRP trading sentiment. If JP Morgan XRP purchases are real, they could reshape market dynamics.
Bullish
Strong rumors of JP Morgan accumulating XRP typically drive bullish sentiment. Institutional interest mirrors past events like BlackRock’s spot Bitcoin ETF filings, which boosted BTC prices. If real, JP Morgan’s XRP purchases would increase demand and liquidity, likely uplifting short-term trading activity and price spikes. However, as reports remain unverified, volatility may rise on confirmation attempts. In the long term, tangible institutional entry ahead of a spot ETF approval could solidify XRP’s market infrastructure role and attract further capital. Traders often respond positively to bank involvement, viewing it as regulatory validation. Overall, the news leans bullish, pending confirmation and actual ETF approval outcomes.