The XRP price has fallen by 4% in the past 24 hours, slipping to $2.08 as ongoing tariff issues drag down markets today.
XRP does remain up by 13% in the past week, and while it has suffered an 11% decline in a month, it retains a very healthy 317% increase in the past year.
And these gains come as the probability of an XRP ETF approval rises, with a new report from Kaiko concluding that XRP is the likeliest alt to follow in the footsteps of Bitcoin and Ethereum.
An XRP ETF has become especially likely after Ripple and the SEC jointly filed to suspend their October appeals, something which makes XRP’s long-term price prediction look very bullish indeed.
XRP Price Eyes Breakout as ETF Approval Odds Rise, Beating Solana and DOGE
Published a little earlier this week, Kaiko’s report noted that XRP is currently the leading altcoin in terms of the number of outstanding ETF applications.
There are currently 10 XRP-based ETF applications under review, with its nearest rival – Solana – at five, with third position being held jointly by Dogecoin and Litecoin.
Source: KaikoThe report also noted how XRP’s share of spot volume on US exchanges has risen in recent months, reaching 20% of all trading volume.
By contrast, Solana’s share has declined in the past couple of years, falling from well over 25% to 16%.
For Kaiko, this makes an SEC approval of XRP ETFs likelier than it is for Solana and other alts, even if XRP lacks the futures ETFs that helped strengthen the case for spot-based Bitcoin funds.
Its analysts wrote, “This underlying markets improving dynamics and the launch of a 2x XRP ETF last week position XRP ahead of other assets when it comes to approval. Although some tokens, such as LTC, which have very similar consensus mechanisms to BTC and share similarities to commodities could also have a clear path to approval.”
Such optimism hasn’t had an immediate impact on the XRP price, however, with the coin’s chart today suggesting that it may be waning again after looking like it could recapture some strong momentum.
Source: TradingViewIts RSI (purple) has fallen below 50 again and could drop further, with the same analysis applicable to its 30-period average (orange).
As such, we may see the XRP price drop back down to $2 in the near term, although an improvement in the tariff situation could see it spring back up to $2.50 in a matter of weeks.
Time to Pay Attention to New Upcoming Projects
Assuming that XRP will have to wait for some ETF approvals before it really takes off this year, many traders may like to diversify into newer tokens.
There are thousands of new coins to choose from, with most likely to bring more risk than reward, but one tactic for improving your chances can be to look into presales.
The biggest presales often result in considerable rallies once the corresponding coins launch for the first time, with one of the most interesting presale tokens right now being MIND of Pepe (MIND).
It has raised an impressive $8 million in its ongoing sale, with investors drawn to its plans to launch an autonomous AI agent that will interact with the crypto market.
Its agent will scan masses of social and trading data in order to gain insights into emerging trends and directions, with the platform using its machine learning to produce actionable market analysis and advice.
On top of this, it will also harness its insights into trends to generate its own potentially viral meme coins, to which traders can gain early access by holding MIND.
This could mean that MIND attracts strong demand, especially when it will be necessary to pay for access to MIND of Pepe’s advice and analysis.
Investors can join its sale by going to the MIND of Pepe website and connecting their wallets, with MIND currently available at $0.0037165.
This price will continue to rise for as long as the sale lasts, so if traders want the biggest possible returns, they should act quickly.
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