XRP continues to be the best-performing large-cap cryptocurrency, rallying by another 40% on Monday. 

WisdomTree’s spot XRP ETF application, increasing odds of RLUSD stablecoin approval and strong futures market activity have pushed the XRP market capitalization past the $150 billion mark. 

However, XRP price predictions from experts suggest that sidelined investors and swing traders may get a better entry point to scale into their long positions, considering the token faces key resistance levels both in its USD and BTC charts. 

Why Is XRP Pumping Today?

XRP’s price chart is the result of a bullish breakout from a 3-year consolidatory triangle. Prominent crypto analysts like Blockchainedbb reveal that the breakout is still playing out and could push the token price to $3.30 in the coming months. 

XRP has already flipped Solana and Tether in market capitalization, making it the 3rd largest cryptocurrency behind Bitcoin and Ethereum. 

WisdomTree’s S-1 application for an XRP spot ETF has also added to the FOMO, with all eyes on BlackRock and Fidelity. Similarly, the growing likelihood of Ripple’s RLUSD stablecoin and strong futures market activity is also contributing to the bullish trajectory. 

The XRP price is now up by nearly 400% since Donald Trump’s victory. The anti-Ripple SEC Chair Gary Gensler is set to resign and be replaced by a pro-crypto head like Paul Atkins.

As a result, the spot XRP ETF approval odds are extremely high, as is the likelihood of the SEC dropping or settling its lawsuit against Ripple. This would provide regulatory clarity, result in global partnerships and drive up the institutional demand for XRP. 

It is not without any reason that a few XRP price predictions have the token trading as high as $18 in the long term. 

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Author: Adrian Barkley

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