Canary Capital CEO Steven McClurg projects a 30% increase in XRP exchange-traded fund (ETF) investor interest and says the token’s price could double by December, citing post–U.S. midterm election dynamics and potential regulatory progress as key catalysts.
Three-Phase Outlook Into Year-End
McClurg, whose firm has filed for a spot XRP ETF in the United States, outlined a three-phase market path through the remainder of 2026. He expects a challenging summer across equities and cryptocurrencies, with activity further dampened by the run-up to midterm elections. After the elections, however, he anticipates an acceleration in ETF inflows, supported by potential passage of the proposed CLARITY Act and increasing momentum in real-world asset (RWA) tokenization. According to McClurg, many institutional investors have been waiting for clearer rules before committing larger allocations.
ETF Inflows Gather Pace
Momentum in XRP-focused funds has improved in recent weeks. Net inflows reached $60 million last week, the strongest weekly figure so far in 2026, bringing cumulative inflows to $1.39 billion. McClurg said he expects total inflows to rise another 30% by year-end, pointing to a steady build in institutional demand for regulated XRP exposure.
Price Target and Catalysts
XRP traded around $1.40 at the time of McClurg’s remarks. A doubling by December would imply a move above $2.80. He tied the outlook to three pillars: regulatory clarity, post-election capital rotation, and continued ETF adoption. Each, he noted, would need to materialize on schedule for the target to hold, with summer market conditions serving as an early test of the thesis.
Key Factors to Watch
- Regulatory developments, including the proposed CLARITY Act
- ETF approvals, listings, and sustained net inflows
- Institutional participation in tokenized RWAs
- Macro conditions and post-election risk appetite
XRP is the native digital asset of the XRP Ledger, used for payments and cross-border settlement. Whether or not McClurg’s price call is met, recent fund flow data suggests growing institutional interest in gaining XRP exposure through regulated products.