- Analysts predict XRP could reach $8 if an ETF is approved, unlocking institutional demand.
- Declining Bitcoin dominance signals an altcoin rotation, positioning XRP for strong gains.
The cryptocurrency market is showing early signs of a resurgence, and analysts are eyeing altcoins for the next breakout. While Bitcoin has been the primary driver in recent months, a shift may be underway, with XRP emerging as a strong contender for substantial gains.
XRP, long recognized for its resilience and utility, has weathered multiple market cycles and regulatory hurdles. Despite ongoing legal challenges, it remains a top digital asset, backed by a capable development team and a robust global use case in cross-border payments. With its current price hovering near $2, market observers see significant room for growth.
One such voice is crypto analyst CryptosRUs, who forecasts XRP could hit $8 to $10 by 2025. Labeling the projection as conservative, the analyst points to the altcoin’s past performance and upcoming catalysts as key drivers of this potential 4-5x surge.
A major catalyst on the horizon is the possible approval of an XRP exchange-traded fund (ETF). Industry experts suggest that once ETFs tied to XRP go live, they could unlock a wave of institutional capital, injecting fresh momentum into XRP’s price. This ETF factor is increasingly being recognized as a pivotal moment that could accelerate XRP’s upward trajectory.
Meanwhile, the broader market is signaling an altcoin rotation. Bitcoin dominance peaked near 65% in early May but has since trended downward—historically a precursor to altcoin rallies. Data shows that the latest dip in dominance began around May 7, suggesting a new “alt season” may be underway.
Also Read: XRP ETF Approval Odds Soar to 83% Despite SEC Delays and Rising Institutional Demand
However, analysts caution that this alt season could be shorter than past cycles. The previous alt rally lasted just over 30 days, and current conditions may mirror that pattern unless Bitcoin dominance continues to decline. A sustained downtrend could keep altcoins, including XRP, in the spotlight. Conversely, a bounce in Bitcoin’s dominance might end the rally prematurely.
With growing optimism and the potential for an XRP ETF, market watchers are keeping a close eye. If the stars align, XRP may not only reclaim lost ground but reach new all-time highs.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
