XRP Set for Explosive Rally with ETF Approval and Market Momentum

XRP has experienced significant price growth in 2024, recently hitting a seven-year high of $2.84 before stabilizing at $2.41.

This surge is partly driven by the broader crypto market rally, fueled by pro-crypto policies after Trump’s win. With Bitcoin and Ethereum both seeing price increases following their ETF approvals, XRP’s price could rise further if it secures its own ETF.

Experts predict that an XRP ETF would increase its accessibility, create scarcity, and drive adoption, potentially pushing its price to $10.

The success of Bitcoin and Ethereum ETFs suggests XRP could follow suit. Bitcoin’s ETF approval in January 2024 led to a new all-time high of $106,000, while Ethereum’s ETF approval in July contributed to steady price gains.

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XRP, currently one of the top cryptocurrencies, is positioned to benefit from similar institutional inflows.

Projections estimate that XRP could see $1.8B to $2.3B in ETF inflows in its first month, pushing its price to $3. If the SEC lawsuit is resolved favorably and other factors align, XRP could potentially reach $10.

With the ETF market growing rapidly, XRP’s own ETF approval could generate significant demand, following in the footsteps of Bitcoin and Ethereum and driving its price higher.

Alexander Zdravkov