The Crypto ETF Race and the Outlook for XRP

**XRP's Outlook in the ETF Race**

Many major asset management companies such as WisdomTree, 21Shares, Bitwise, and Canary Capital have filed applications with the SEC to list XRP ETFs. This indicates a growing interest in XRP and the potential to become the next cryptocurrency approved for an ETF, following the success of Bitcoin and Ethereum ETFs. The president of Ripple believes in this outlook. However, Solana (SOL), Litecoin (LTC), and Hedera (HBAR) are also strong competitors. Bloomberg predicts that Litecoin may be approved first, while Solana and XRP could face delays due to legal issues. Polymarket also values the likelihood of Ripple ETF being approved, with a probability of 70%.

**Factors Influencing XRP Prices**

Several positive factors could drive the price of XRP: Elon Musk's implicit support, Donald Trump's return with a more cryptocurrency-friendly policy, the application of XRP in the oil industry in the Middle East and North Africa, and the launch of the stablecoin RLUSD. However, the lawsuit with the SEC remains a significant risk. Analysts have made various predictions for XRP's price, ranging from $2.5 to $8, and emphasize the importance of overcoming key resistance levels such as $2 and $2.6. The price of XRP is currently fluctuating within a symmetrical triangle pattern, which may signal a breakout upwards or downwards.