Ripple's XRP: Spot ETF Buzz Drives Price Surge, Traders Eye XLM, DOGE

Ripple's XRP has been the subject of intense speculation and anticipation, with rumors circulating about a potential spot ETF approval by the U.S. Securities and Exchange Commission (SEC). As exchanges such as 21Shares, Grayscale, and Bitwise have submitted their filings, the possibility of XRP gaining a spot ETF approval has become increasingly tangible. This development has significantly impacted the token's pricing, with the potential for a substantial price surge if the approval is granted.

While the focus has been on XRP, a growing sentiment among traders is to explore alternative cryptocurrencies that could offer similar or even greater returns. This article will highlight three promising XRP rivals that have the potential to generate profits of up to 100x, although it is essential to approach this information with caution, as it is not a ranked list.

Stellar (XLM) has been one of the standout performers in the cryptocurrency market, with a remarkable rally in 2024 that saw its price surge by as much as 500% between November and December. If XRP were to receive a spot ETF approval, there is a strong likelihood that XLM could also experience a significant price surge, potentially reaching 100x its current value. At the time of writing, XLM is trading at $0.33, with a 2.81% uptrend. The coin is currently the 14th largest cryptocurrency by market capitalization, which stands at $10,496,932,313. Daily metrics indicate that XLM is performing well and showing signs of interest. If the positive sentiment continues, the token could aim for a 161.8% Fibonacci level at $0.87.

Dogecoin (DOGE), primarily a meme coin operating on the Ethereum blockchain, is another formidable rival to XRP. DOGE is also vying for a spot ETF approval and demonstrates a clearer regulatory understanding with the SEC compared to XRP. At the time of writing, DOGE is trading at $0.25, with a slight uptrend of 2.66%. Despite being a meme coin with some volatility, DOGE is currently trading within an ascending parallel channel on weekly charts, suggesting a bullish trend. This makes DOGE an attractive alternative to XRP.