Why I recommend looking at $XRP recently, let me analyze it for you!
Currently looking at the development process of XRP's ETF:
1. XRP briefly rose 5% due to the false report of the US SEC approving a spot ETF, but then fell back. Currently, there are only 4 XRP futures ETFs in the US, with no spot ETFs.
2. Although Brazil launched a spot ETF for XRP on April 25, and the Chicago Exchange will launch XRP futures on May 19 (possibly paving the way for a spot ETF), the SEC has not yet made any concessions regarding spot ETFs.
During the altcoin season, more than 70 ETF applications hope for approval from the new SEC chair, with XRP being one of the key focuses. However, some followers may have intentions to exploit the situation. Proceed with caution.
In terms of market capitalization comparison, XRP's market cap is $134.5 billion, while SOL's market cap is $76.9 billion. If both related ETFs are approved, SOL, due to its relatively lower market cap and ecological advantages, may have greater potential for future growth.
From the current situation, there are signs of an impending explosion in the altcoin season, (focus on the two recommended coins above $XRP $SOL ) spot players can enter with a light position. Fans who need suitable entry points should consult Aju for accurate entry points, targets, and stop losses!
