Following reports that the United States Securities and Exchange Commission (SEC) has acknowledged Grayscale’s XRP ETF filing, the token’s price experienced a notable surge on the daily chart, jumping 12% to reclaim the $2.7 level.
Initially, the third-largest crypto by market cap traded between $1.8 and $2.4 due to the extreme volatility in the broader market.
Meanwhile, its current price level of $2.7 marks its highest level in February, indicating that the token might be on the verge of breaking out from its prolonged consolidation phase.
With the approval odds for XRP ETF filings hitting 80% on Polymarket, several price predictions from experts indicate that the token might be peaking anywhere between $8 to $10 soon.
Is XRP the best crypto to buy now for the next bull run?
Can XRP Fully Break Out Of Its Consolidation Phase?
After experiencing repeated downward movement, dropping as low as $1.8 last week, XRP is finally getting ready to breach its prolonged hurdle.
A zoomed-out look at the daily chart shows that the token is already close to the upper boundary of its consolidation zone at $2.79. Analysts see this as a bullish momentum that could trigger more upward action.
Moreover, a falling wedge pattern has formed, which suggests heightened buying pressure for XRP. That further explains why the token has been on a bullish trend over the past day. If historical patterns are anything to go buy, XRP’s breakout above the crucial level of $2.7 could lay the foundation for a surge above $3 in the coming days.
However, despite the bullish activity in the XRP market, data from Coinglass indicates that whales and long-term holders have been dumping XRP on exchanges for profit booking. This simply leaves intraday traders dominating the bullish side of the token.
If the market sentiment does improve, experts believe XRP could be heading for a $4 breakout soon.
Can XRP Reach $10 Before The End of Q1 2025?
With the broader crypto market regaining momentum, several crypto price prediction sites have included XRP among the altcoins that could see significant gains in the next few months.
This is no surprise, considering the strong likelihood of spot XRP ETF approval, Ripple’s recent partnerships, and the growing confidence that the agelong legal tussle with the SEC might be over soon.
With the SEC’s acknowledgment of Grayscale’s XRP ETF filing, the odds of approval have gone up.
Ripple’s partnership news with the likes of Bureau, Travelex Bank, and Mercado Bitcoin has also improved the institutional demand for the asset.
All of this, and more have been the reasons most price predictions for XRP have been quite positive, with some even expecting the token to peak between $8 to $10 before the end of Q1 2025.
MIND of Pepe – A Low-Cap Alternative To XRP
While XRP is an attractive investment, its multi-billion-dollar market valuation implies that its potential for further growth may be somewhat limited. As such, investors may seek out low-cap altcoins like MIND of Pepe to position themselves for outsized returns when the highly-anticipated bull run eventually kicks off.
MIND of Pepe’s major appeal stems from its unique blend of humor and functionality in one distinctive package. While being a meme coin, with a Pepe-like appeal, MIND of Pepe incorporates the powerful features of AI to provide early supporters with everything they need to crush the volatile market.
Basically, this zen-like AI agent will leverage real-time intelligence to collect fragmented data from trusted sources, analyze it, and then provide users with actionable insights that can help them capitalize on potential market opportunities before others.
The exclusive alpha calls and strategies that it provides will be accessible to MIND holders alone.
Moreover, being a self-autonomous agent, MIND of Pepe will soon have its own social media arm, sparking conversations and influencing trends in the crypto market.
An additional highlight is the staking mechanism, which provides an avenue for presale buyers to put their tokens to best use and amplify their returns.
With the AI agent narrative gaining more momentum in crypto, MIND of Pepe looks strategically positioned for explosive growth.
Smart money investors have been quick to discover its potential, which explains why its presale has been seeing heavy demand. With over $6 million already raised within a short period, influential crypto analysts like Cilinix Crypto say MIND could sell out ahead of schedule.
