XRP, the native cryptocurrency of Ripple, has been making headlines recently as speculation around an XRP ETF (Exchange-Traded Fund) approval gains momentum. An impressive surge in price was recorded during the summer of last year following the Bitcoin price when it increased by well over 400%, while BTC was much slower for the past year until the Bitcoin price broke $100,000 at the end of the year. And now, as XRP investors wait with bated breath on the coin’s price, here come the experts sharing their opinions on the consequences of price behavior should an XRP ETF be created.
The current price of Ripple stands at $3.08, with a market cap of above $177 billion. In the past 30 days, it has seen a notable increase of around 38%. Such schemes feed the enthusiasm surrounding Ripple, including the tremendous fall in available supply, with most investors hoarding their own major holdings for a long-term cause, hinting at a high degree of investor confidence. With ETF approvals appearing increasingly likely, analysts predict that XRP will reach between $5 and $10 in the near future.
Bitcoin Price and BTC Surge: The Ripple Effect on XRP’s Potential Surge
An XRP ETF is one of the most viral topics among investors and analysts. A recent survey claimed the likelihood of the XRP ETF approval at 70%, up from last month’s expected 50%, which investors put down to the positive market sentiment from Donald Trump’s election victory and the subsequent light thrown on cryptocurrency regulations in different countries since. This starkly contrasts previous months when uncertainty loomed large due to ongoing legal battles with the SEC.
Analysts suggest that if an ETF is approved, it could lead to massive inflows into Ripple, similar to what the BTC experienced last summer. The anticipation surrounding this potential approval has already started to reflect in XRP’s price movements. Some analysts believe that with minimal resistance levels ahead, Ripple could easily breach its all-time high of $3.84 and aim for double-digit figures, predictions range from $10 to even as high as $27.
Moreover, the liquidity dynamics of XRP make it more susceptible to rapid price movements compared to the Bitcoin price. It only takes around $59 million to push XRP’s price up by 25%, whereas BTC requires nearly $1 billion for the same impact. This inherent volatility suggests that once the floodgates open with institutional investments through an ETF, XRP could see explosive growth.
DTX Exchange Is a New Contender in the Crypto
While all eyes are on XRP ETF, another emerging player in the crypto space is DTX Exchange. Currently, in its eighth stage of presale, DTX has raised an impressive $12.5 million and is priced at $0.16 per token, with expectations to list at $0.20 shortly. DTX Exchange isn’t any ordinary cryptocurrency but an extreme revamp of trading altogether by merging equity and forex trading, XRP ETF trading, as well as over 120,000 currency pairs.
People are excited about the DTX owing to its leverage of up to 1000x and its support of token holders’ governance rights. Therefore, this could imply that even small investments could provide vast returns as this is quite a lucrative option for a variety of seasoned and fresh investors. Yet another dimension to this attractiveness is that there’s potential for sharing profit through a rebate program for the larger holders.
With over 300,000 wallet addresses already established and a testnet showcasing an impressive transaction per second (TPS) rate of 200,000, DTX Exchange is poised for rapid growth once it goes live in Q1 2025. Analysts predict that post-listing on major exchanges like Binance or Coinbase, DTX could see its price soar up to $1, a remarkable increase from its current valuation.
Conclusion
Between these two, positive momentum is seen in the possible approval of an XRP ETF and groundbreaking ecosystems such as DTX Exchange, whether any investor can take up the highly changing scenario of cryptocurrencies or not, XRP ETF, as observers say, still has much leeway, possibly near levels where the Bitcoin price and BTC burgeons from even further than where it did in the summer. Interestingly, it is important to see if the Bitcoin price and BTC will go up to $200,000 this year.
Both categories of assets will walk together during what could become an important phase in the transformation of cryptocurrencies, being vigilant under skill for interpretation of market events. Indeed, these months could be the ones that will put the foundation stone for later chapters in Ripple or DTX Exchange. It has been an opportunity presented thus far to smart strategists of the market.
For further details, check out the DTX Website, Buy Presale, or Join the DTX Community on Telegram.