XRP Eyes Breakout Amid Rising ETF Approval Odds, Outsizing Solana and DOGE
18.04.2025 08:27
XRP has seen a 4% decline over the past 24 hours, dropping to $2.08 due to ongoing tariff issues. Despite this short-term dip, the digital asset remains up 13% over the week and has surged 317% over the past year. A report from Kaiko indicates that XRP leads in ETF application numbers, with 10 proposals under review compared to five for Solana and joint positions held by Dogecoin and Litecoin. This increase in ETF-related activity is bolstered by the recent joint filing by Ripple and the SEC to suspend their October appeals, which has strengthened long-term bullish projections for XRP. However, technical indicators such as the RSI suggest that XRP may see further short-term downward movement before potentially recovering if tariff conditions improve. In addition to XRP’s developments, the report touches on broader market strategies, highlighting new presale projects like MIND of Pepe. MIND has raised $8 million in its ongoing sale and aims to leverage an autonomous AI agent to generate market insights and even create viral meme coins, thereby attracting early investor interest.
XRP may suffer short-term price pressure due to tariff issues and technical indicators, with an immediate possibility of dropping toward $2. However, the rising ETF approval odds and strong annual gains provide long-term bullish support, suggesting potential recovery to around $2.50 if market conditions improve.
Solana is likely to face a relative downside, as its ETF application count and declining spot volume signal lower investor enthusiasm compared to XRP, which could translate into muted price performance.
Dogecoin, trailing in ETF application figures and market focus, is expected to exhibit minor volatility without strong upward momentum from the current regulatory optimism, leading to a relatively neutral impact on its price.
Litecoin might experience modest gains if ETF sentiment extends to similar altcoins; however, its market attention remains limited compared to XRP, suggesting subdued price impact in the near term.
MIND of Pepe is in an early presale phase, and the impressive $8 million raised indicates strong investor interest. The token could experience a sharp rally if demand continues during the sale, though high volatility and risk are inherent in presale markets.
Top Today
today / 09:53
Monero Surges 40% After Massive Bitcoin Hack Sparks Liquidity Frenzy
A major hack stealing 3,520 BTC and its conversion to XMR triggered an unusual surge amid limited liquidity in the privacy token.
today / 09:43
XRP Eyes $2.50 as New Demand and Stable Holding Fuel Upward Momentum
New address growth and reduced selling by long-term holders propel XRP's bullish trend amid technical indicators favoring a breakout.
today / 09:27
Ripple’s XRP Soars Amid U.S. ETF Approvals
New ETF approvals drive XRP’s rally, hinting at future spot ETF breakthroughs.