thecryptobasic.com
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.