The XRP price has jumped by 7% in the past 24 hours, with its rise to $2.20 coming as the wider market rebounds and as Franklin Templeton and Grayscale launch ETFs for the altcoin.
These two launches mark a hugely significant milestone for XRP, initiating a phase in which institutional money could pile into the coin’s market, much as we saw with Bitcoin and Ethereum.
XRP had been suffering in recent weeks, along with the wider market, with negative sentiment dragging the coin down by 10% in a fortnight and by 17% in a month.
However, the token remains up by 50% in a year, and with more XRP ETFs likely to follow in the coming weeks, the XRP price prediction looks incredibly positive right now.
XRP Price Prediction: Trillion-Dollar Wall Street Fund Manager Goes All In – Could XRP Be the Next Institutional Favorite?
In fact, Ripple CEO Brad Garlinghouse has predicted a surge of XRP ETF launches, providing this forecast last week, when Bitwise launched its own ETF for the coin.
Bitwise’s launch prepared the ground for yesterday’s listings, with Franklin Templeton and Grayscale joining what may be a race for institutional money.
That three different asset managers have launched XRP ETFs so close together may indicate that they expect strong demand from institutions, and that their competing to capitalize on such demand.
Either way, the launch of three ETFs is incredibly positive news for XRP, which is now showing some very strong momentum.
Its chart today shows that it’s beginning to bounce after hitting a bottom several days ago.
For instance, its relative strength index (yellow) has risen to 50 today, after touching an oversold 30 last week,
Source: TradingViewLikewise, it seems that its MACD (orange, blue) has also bottomed out, ready for a recovery as the XRP price rises.
Of course, the overarching investment climate still remains fairly unsteady, given the fears surrounding the possible overvaluation of AI-related stocks.
That said, Nvidia posted better-than-expected earnings last week (and a better-than-expected forecast), something which has helped to stabilize investor mood.
And with asset managers now seemingly rushing to launch XRP ETFs, this could be a very profitable period for the altcoin.
It could reach $2.50 in early December, while a rate cut from the Fed could even send it above $3.00 by 2026.
A Layer-Two Network for Bitcoin? Why Bitcoin Hyper Could Be One of the Big New Alts of 2026
As promising as XRP now looks, it won’t be the only altcoin to rally during the inevitable market-wide recovery.
It’s likely that a host of new alts will also do well in the coming months, including several promising presale tokens.
One of the most interesting of these is Bitcoin Hyper ($HYPER), a layer-two network for Bitcoin that has now raised a very impressive $28.4 million in its ongoing presale. This is an encouraging figure for such a new project, yet it shows how the market’s faith in Bitcoin Hyper is growing.
As an L2, Bitcoin Hyper will enable investors to tap into the enormous value of the BTC hold, without having to sell their coins. Instead, they can bridge their BTC to Bitcoin Hyper’s sidechain, using the equivalent HYPER they receive with the L2’s ecosystem of apps.
In other words, Bitcoin Hyper will enable traders to put their BTC holdings to work, wither by staking HYPER or by making use of the L2’s various DeFi apps.
It’s worth pointing out that Bitcoin Hyper will make use of Solana’s Virtual Machine and of zero-knowledge rollups, providing superior speed, scalability and privacy. This will make it more efficient than preexisting sidechains for Bitcoin, such as the Lightning Network (which is primarily a payment rail anyway).
This helps to explain why the token has raised so much in its presale, with investors able to join by going to the Bitcoin Hyper website.
HYPER is currently available at a price of $0.013325, although this will rise later today.
Visit the Official Bitcoin Hyper Website HereThe post XRP Price Prediction: Trillion-Dollar Wall Street Fund Manager Goes All In – Could XRP Be the Next Institutional Favorite? appeared first on Cryptonews.
