XRP News Today: Altcoins Rally as Grayscale ETF Filing Boosts Ethereum, Solana, XRP, Cardano

Altcoins are experiencing a resurgence, driven by increasing excitement around ETFs, bullish price trends, and heightened blockchain activity. Leading this rally are prominent cryptocurrencies such as Ethereum, Solana, XRP, and Cardano, all of which are displaying strong buy signals.

The Securities and Exchange Commission (SEC) has recently acknowledged Grayscale’s new filing to convert its GDLC fund into a spot ETF. This fund includes a mix of cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano, indicating Grayscale's intention to offer investment products beyond just Bitcoin and Ethereum. Nate Geraci, President of ETF Store, noted that this development signifies real progress with the SEC and that the chances of approval look favorable. If approved, this could pave the way for separate spot ETFs for XRP, Solana, and Cardano in the near future.

Ethereum is currently trading at $2,459, with a slight decline of 1.6% in the last 24 hours. It recently broke above the 50-day Exponential Moving Average (EMA) at $2,429. If it maintains support at $2,461, the next target could be $2,724. Analyst Michaël van de Poppe predicts that Ethereum could start moving up in the coming weeks, with a target of $3,400. He also forecasts that Ethereum utility coins are set to shine in the months ahead. Additionally, analyst Mikybull highlights that whale buying is at its highest this cycle, reminiscent of the strong 2017 bull run.

Solana has recently broken its downtrend and is poised for a strong week ahead. The ecosystem is showing fresh signs of strength, having been in a steady uptrend for nearly two years and hitting a new all-time high in 2025. Analysts expect another rally, with a 20–25% price pump likely.

XRP is also approaching a possible breakout. With a 70% chance of a lawsuit settlement by August, regulatory clarity may trigger a wave of institutional investment. Analysts predict that XRP could hit $5.81 in 2025, while Vincent Van Code sees a longer-term target of $30–$50.

Cardano is making headlines with a $100 million ADA treasury conversion into BTC and stablecoins to boost DeFi liquidity. Its stablecoin market cap has grown by 30%, indicating strong activity. The odds of ETF approval are now at 55%, adding to investor optimism. ADA could surge between $1.20 and $5.66, driven by DeFi expansion and growing Layer-2 adoption.

In summary, Ethereum, XRP, Solana, and Cardano are positioned to lead the next altcoin rally. The recent developments surrounding Grayscale's ETF and the overall market trends suggest that these altcoins are well-positioned to capitalize on the growing interest in the cryptocurrency space. The potential approval of spot ETFs and other bullish factors are driving strong gains, with analysts forecasting significant upside potential into 2025. The XRP Ledger (XRPL) has recently enabled full EVM compatibility, which could further enhance its utility and attractiveness to investors. Cardano (ADA) has been maintaining a sideways trend, with a slight loss of 1% at press time, extending the 0.88% decline from the previous day. Despite this, the overall sentiment remains positive, with many traders anticipating a breakout from its current price channel. The potential approval of the multi-asset ETF, which includes ADA, could provide a significant boost to its price. The recent updates from Grayscale's ETF filing indicate that the Fund's crypto allocation stands at 79.9% BTC, 11.32% ETH, 4.99% XRP, and other altcoins. This diversification strategy highlights the growing interest in altcoins and their potential to lead the next rally in the cryptocurrency market. The approval of the ETF would not only provide investors with a regulated way to gain exposure to these altcoins but also validate their status as legitimate investment assets.