- BlackRock is rumored to be eyeing an investment in Ripple’s XRP as high-net-worth individuals show growing interest in crypto.
- While unconfirmed, the move could trigger a significant surge in XRP’s price if it materializes.
Rumors are swirling in the crypto community as speculation mounts that BlackRock, the world’s largest asset manager with over $9 trillion in assets under management, might soon invest in Ripple’s native token, XRP. The chatter began after prominent crypto analyst Gordon shared on social media that a friend at BlackRock disclosed growing interest among high-net-worth individuals—particularly those with $50 million or more—in cryptocurrencies, especially XRP.
This news comes amid broader institutional interest in the crypto market. Alongside BlackRock, JPMorgan has reportedly moved 7.5 million XRP, adding fuel to the speculation fire. While neither financial giant has confirmed plans to invest in XRP directly, the buzz has already energized investors and sparked fresh discussions about XRP’s future.
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XRP, which is currently trading around $2.20, has seen a 15% surge over the past month. Analysts suggest that if BlackRock officially backs XRP, the token could experience a major breakout. With Bitcoin seeing a dramatic price increase following the approval of spot ETFs last year, many believe XRP could follow suit. Some even predict that XRP might exceed its previous all-time high of $3.40 if institutional money flows in.
The growing momentum comes as the cryptocurrency market as a whole continues to perform well. Bitcoin recently touched $99,000, nearing the psychological milestone of $100,000, reinforcing investor confidence across digital assets.
However, it’s important to note that, as of now, these claims remain unconfirmed. BlackRock has not issued any official statement regarding its position on XRP, and the information being circulated is based on secondhand insights and market speculation.
Still, with top firms like Morgan Stanley recently endorsing Ripple as a viable alternative to SWIFT for global banking transactions, XRP is gaining serious traction. Whether BlackRock confirms the rumors or not, one thing is clear: institutional interest in crypto is only getting stronger—and XRP is squarely in the spotlight.
