Launch of Franklin XRP ETF: Franklin Templeton has introduced the Franklin XRP ETF (NYSE: XRPZ), allowing investors to gain regulated exposure to XRP, a digital asset known for its efficiency in cross-border payments.
Strong Market Debut: The ETF's launch coincided with a surge in XRP ETFs, with the first hour of trading generating a combined turnover of $13.94 million, marking one of the strongest debuts for digital-asset ETFs.
XRP's Unique Features: XRP operates on a decentralized blockchain, offering near-instant settlement, low fees, and low energy consumption, making it a preferred choice for remittances and bank transfers, while also providing differentiated exposure for crypto portfolios.
Part of a Broader Crypto Strategy: The Franklin XRP ETF is part of Franklin Templeton's expanding digital-asset offerings, which include other ETFs focused on Bitcoin, Ethereum, and a crypto index, aiming to provide institutional-grade access to the crypto economy.
Wall Street analysts forecast XRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XRP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast XRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XRP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.050
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Current: 22.050
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
