XRP Surge: $25 Target, Outperforming BTC, ETF Hopes
Despite a recent pullback in price, optimism surrounding XRP has remained high, with analysts suggesting that the third-largest cryptocurrency has the potential to outperform Bitcoin and Ethereum in the long run. In a recent tweet, crypto analyst Max Avery highlighted the significant difference in the scale of returns required for BTC and XRP prices to surge tenfold. While Bitcoin would need to reach $1 million to deliver a 10x return, XRP only needs to hit $25, making the latter's path to growth seem more likely.
XRP's potential for growth is further supported by its historical performance. The pundit emphasized that XRP has outperformed Bitcoin in percentage ROI over a 10-year period, suggesting that this trend could continue. Some XRP community members echoed these sentiments, with one investor noting that for Bitcoin to 10x, its market cap would need to increase significantly, while XRP's market cap would only need to reach $1.5T.
This surge in optimism comes as XRP continues to attract strong interest, particularly in South Korea. According to CoinGecko data, Upbit's trading volume reached $4.53 billion in the past 24 hours, with XRP/KRW leading the Korean won trading market at 27.99% of total volume. Other top-traded assets included BTC, ETH, USDT, and DOGE.
Interest in the XRP ecosystem has also been fueled by developments in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Various experts anticipate a resolution soon, with pro-Ripple attorney Jeremy Hogan stating that a decision could come as early as April or May. Adding to the optimism, speculation around a potential spot XRP ETF approval has intensified, with multiple applications recently added to the SEC's federal register.
Analysts have assessed the potential market impact of an approved XRP ETF. Last week, Luca Sorlini, Product Director at Northstake, projected that an approved XRP ETF could attract between $400 million and $800 million in inflows within its first week, depending on market conditions and institutional demand. Elsewhere, last month JPMorganJPIN-- predicted up to $8 billion could flow into an XRP ETF, a significant sum, though modest compared to the over $50 billion in payments Ripple has already 
Quickly understand the history and background of various well-known coins
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments
No comments yet