Something big is brewing in the XRP camp. Over the past few days, XRP has surged past $2.38, dethroning Tether (USDT) to become the third-largest cryptocurrency by market cap. The crypto community is buzzing as XRP momentum builds, with many speculating that $7.75—the price at which XRP would flip Ethereum (ETH)—could be on the horizon.
Here’s why everyone’s talking about XRP right now:
WisdomTree’s XRP ETF Filing with the SEC
In a move that caught the market’s attention, WisdomTree, a major asset manager, filed an S-1 registration with the SEC to launch an XRP-focused exchange-traded fund (ETF).
Why does this matter?
This isn’t just a small-time move. ETF filings signal a growing institutional interest in XRP, the kind of legitimacy boost that historically drives price rallies. Remember what happened when Bitcoin ETFs started rolling out? XRP might be gearing up for its own institutional adoption moment.
XRP’s Explosive Google Search Trends
According to data, global Google searches for XRP have seen a sharp increase since November 28. This kind of search activity typically reflects retail investor interest. The buzz isn’t limited to just crypto enthusiasts—it’s spilling over into mainstream finance, signaling broader market FOMO (fear of missing out).
The $7.75 Question: Flipping Ethereum
At the current pace, XRP flipping Ethereum (ETH) could become more than just a pipe dream. To put this in perspective, Ethereum currently holds the second spot with a market cap of $588 billion. At $7.75, XRP’s valuation would surpass ETH, fundamentally reshaping the crypto landscape.
Could XRP lead the next altcoin season? Many think so. This rally isn’t just about price—it’s a battle of ecosystems, with Ripple’s cross-border payment solutions gaining traction among financial institutions worldwide.
What’s Next for XRP?
The recent price movement and institutional developments suggest that XRP isn’t done climbing yet. Key levels to watch include the $3 psychological barrier, which would be the highest price since its all-time high run in 2018.
Here are a few things to keep an eye on:
• ETF Approval: If WisdomTree’s filing gains traction, XRP could see an influx of institutional capital.
• Ripple’s Partnerships: As Ripple continues to expand globally, its real-world utility could further fuel demand.
• Regulatory Clarity: With Ripple winning battles in court, XRP’s path to compliance in major markets is clearing up.
Final Thoughts
XRP’s rise to $2.38 isn’t just another pump—it’s a moment of validation for the token and its ecosystem. With an ETF filing in play, surging retail interest, and the potential to flip ETH, XRP is proving once again why it remains a cornerstone of the crypto space.
2024 is shaping up to be the year of XRP. The question now is: How high can it go?
