XRP ETF Approval Could Push Ripple Price to $8, Analyst Says

The post XRP ETF Approval Could Push Ripple Price to $8, Analyst Says appeared first on Coinpedia Fintech News

The cryptocurrency market is showing signs of bouncing back, with particular attention now shifting towards altcoins. While Bitcoin has led the market through recent months, analysts predict a rotation may be underway, offering opportunities for select altcoins to outperform.

XRP’s Strong Track Record and Outlook

XRP has successfully navigated several crypto market cycles, maintaining its relevance despite regulatory challenges and market volatility. Supported by a capable development team and solid fundamentals, XRP continues to hold a firm position among the top digital assets.

Looking ahead to 2025, some market analysts like CryptosRUs believe XRP could realistically reach a price between $8 and $10. This projection is considered conservative, especially when compared to its current price near $2. Achieving this range would represent a 4-5x increase.

The Role of ETFs in Future Growth

Another important factor that could push XRP’s price in the years ahead is the anticipated launch of cryptocurrency exchange-traded funds (ETFs). According to the expert, once ETFs focused on digital assets like XRP become available, they will help attract institutional capital into the market. This development could further support XRP’s path toward the projected $8 to $10 price range.

Bitcoin Dominance Declines

Bitcoin dominance, which measures Bitcoin’s share of the overall crypto market, recently peaked at around 65% in early May. Since then, it has been steadily declining, meaning that capital is beginning to move from Bitcoin into other digital assets. Historically, when Bitcoin dominance falls, altcoins tend to rally.

This pattern shows that an altcoin season may have already started around May 7th, when Bitcoin dominance began its descent. On average, such periods in previous cycles have lasted between 30 and 100 days.

Is This Alt Season Likely to Be Shorter?

While alt seasons in the past have stretched up to three months, recent trends suggest they may be growing shorter. The last such period lasted just over 30 days. Whether the current one will extend depends largely on the direction of Bitcoin dominance. If it continues to drop and forms a lower high, altcoins could remain in focus for a longer period. On the flip side, a reversal in Bitcoin dominance could quickly end the rally for altcoins, potentially within the next 30 to 40 days.