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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Optimism is growing around Ripple’s XRP as it nears the possibility of securing approval for an Exchange-Traded Fund (ETF). The anticipation is fueled by expectations of regulatory shifts under Donald Trump’s administration, which has signaled support for a more cryptocurrency-friendly environment.
Trump’s promises to establish the U.S. as a global cryptocurrency leader have set the stage for significant regulatory breakthroughs, with an XRP ETF potentially leading the charge.
A crypto-forward SEC chairman could expedite the resolution of Ripple’s legal battles, opening the door for institutional investors to embrace XRP through regulated ETFs. Historical trends from Bitcoin’s ETF approval show that such milestones can trigger massive price surges.
Should Ripple secure this landmark, analysts believe XRP could hit $4.50 as early as January 2025, with a speculative rally to $10 achievable under sustained institutional inflows and global adoption.
Ripple RLUSD Approval Boosts XRP Sentiment
The New York Department of Financial Services (NYDFS) has approved Ripple’s stablecoin, RLUSD, signaling a major regulatory win for Ripple. This development has positioned XRP favorably compared to other altcoins, especially in the wake of SEC Chairman Gary Gensler’s resignation.
Ripple’s growing regulatory successes have already had a positive impact, with XRP’s price surging 250% over the last month. While weekly gains remain subdued, the stablecoin approval provides a foundation for sustained growth.
Market speculation around BitBoy’s prediction of a potential XRP ETF has further bolstered sentiment, with firms like WisdomTree, Bitwise, and 21Shares filing applications.
XRP’s Road to $4.50: Predictions and Trends
Technically, XRP remains robust, trading at $2.51, up over 7% in the last 24 hours. Supported by an upward trendline and a strong pivot at $2.40, the asset is poised for further gains. Immediate resistance lies at $2.65, with key levels at $2.85 and $3.05 offering additional targets.
Drawing parallels with Bitcoin’s price action following its ETF approval, XRP could see a substantial surge upon regulatory clarity. A breakout above $2.65 may drive XRP toward $4.50, with the ambitious $10 target depending on broader institutional adoption and macroeconomic trends.
Key Drivers for $10 Projection:
- Sustained inflows into XRP ETFs, mirroring Bitcoin’s ETF-driven growth.
- Expansion of Ripple’s RLUSD adoption, solidifying XRP’s utility.
- Favorable U.S. regulations encouraging institutional participation.
WEPE: A New Contender in the Meme Coin Market
Wall Street Pepe ($WEPE) is quietly establishing itself as a strong competitor with a focus on transparency and utility. Having raised over $4.14 million during its presale, including $1 million in just three days, WEPE’s rapid growth underscores its market appeal and robust investor interest.
What Makes WEPE Stand Out?
Unlike many speculative meme coins, WEPE brings unique features that combine transparency, security, and real-world utility:
- Staking Rewards: Offering up to 400% yields, with over 2 billion tokens already staked, WEPE incentivizes long-term holding and promotes market stability.
- Enhanced Security: The project has undergone rigorous audits with no critical vulnerabilities found. Additionally, no developer allocations ensure that token value remains unaffected by insider selling.
- Exclusive Community Insights: A VIP group for holders provides market updates and investment strategies from industry experts, fostering an informed and engaged investor base.
The presale for $BEST tokens continues to gain momentum, with over $4.14 million raised so far. The current price is $0.02315 per token, and the sale is progressing quickly.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
