Is XRP About to Crush Ethereum? Analysts Predict a Major Breakthrough Ahead

Despite being rejected multiple times above $3, this currency has maintained a solid bottom near $2.80, giving traders confidence in its next move. Many people are currently hoping that the Ripple token will break out, especially as optimism is rising around the potential launch of a U.S.-approved ETF linked to XRP. Nine Months of Consolidation Can Bring Benefits The renowned analyst CrediBULL Crypto emphasizes that XRP has consolidated near the previous peak for nine consecutive months – a sign that a strong breakout may be imminent.

He pointed out that the XRP/ETH pair has maintained an important average, indicating strength compared to Ethereum, which may be cooling off after the most recent price surge. Technical indicators are also showing growth, with bullish divergences appearing across multiple timeframes, reinforcing XRP's recovery potential. The Hype Around Ripple ETF Reaches New Heights The excitement doesn't stop at the price charts. Betting platforms like Polymarket show that the approval rate for a spot XRP ETF has risen to 87%, with some industry opinions suggesting that this possibility may even be higher. According to Nate Geraci, president of ETF Store, many are underestimating the demand from investors for such a product, which has the potential to bring in billions of dollars in its early days. The U.S. Securities and Exchange Commission (SEC) is currently reviewing a series of applications from major issuers, including Franklin Templeton and WisdomTree. With important deadlines approaching in October, expectations are rising that XRP may follow in the footsteps of Bitcoin and Ethereum with its own ETF.