XRP is once again back in the spotlight, with market watchers suggesting the token could soon leave Ethereum trailing in the short term.
Despite repeated rejections above $3, the asset has maintained a sturdy floor near $2.80, keeping traders confident about its next move. Many now see Ripple’s token gearing up for a breakout, particularly with optimism soaring around the possibility of a U.S.-approved ETF tied to XRP.
Nine Months of Consolidation Could Pay Off
Well-known analyst CrediBULL Crypto highlighted that XRP has been consolidating near its old peak for nine straight months – a sign that a strong breakout could be close.
He pointed out that the XRP/ETH pair has held at an important mid-range level, suggesting strength against Ethereum, which itself may be cooling after its latest rally. Technicals are lining up as well, with bullish divergences appearing across multiple timeframes, reinforcing the case for XRP’s resilience.
Ripple ETF Hype Reaches New Heights
The excitement doesn’t end with price charts. Betting platforms like Polymarket show approval odds for an XRP spot ETF climbing to 87%, with some voices in the industry calling it even more likely. According to Nate Geraci, president of the ETF Store, many are underestimating the appetite investors would have for such a product, potentially bringing in billions in its early days.
The U.S. Securities and Exchange Commission is currently reviewing a wave of applications from major issuers including Franklin Templeton and WisdomTree. With key deadlines approaching in October, expectations are running high that XRP could follow in the footsteps of Bitcoin and Ethereum with its own ETF.
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Source: https://coindoo.com/xrp-set-to-crush-ethereum-analysts-see-big-breakout-ahead/