What Happens If XRP ETF Approval Comes? It Could Dethrone Ethereum!

The crypto market is once again in the spotlight for XRP. As of April 28, $XRP has become the best-performing asset among the top 10 cryptocurrencies, with a daily increase of 5.2% to $2.32. While rumors of ETF approval have been rife, XRP’s trading volume has also increased by 90% to $5 billion.

According to DeepSeek AI’s analysis, if $XRP ETFs are approved, the market could receive between $640 million and $1.5 billion in the first three months. This figure is expected to exceed $2 billion within a year. These predictions are based on factors such as increasing interest from both individual and institutional investors, the growth of Ripple’s On-Demand Liquidity (ODL) usage, and regulatory clarity.

Considering the performance of Bitcoin and #Ethereum ETFs in the past year, it is thought that XRP could experience a similar rally. If this expectation comes true, Ripple’s price could rise to $4 and its market value could exceed $232 billion, displacing Ethereum.

ProShares has filed for a futures ETF for Ripple, and the SEC is expected to announce a decision on spot XRP ETF applications next month. If approved, Ripple would become the third-largest crypto asset traded on Wall Street exchanges, following Bitcoin and Ethereum.

HashDex’s $XRP ETF and Teucrium’s futures ETF in Brazil have both seen strong volumes in a short period of time. For example, Teucrium’s XRP Futures ETF in the US attracted $42 million in inflows in just a few weeks. These early successes clearly demonstrate the appetite for XRP ETFs on a global scale.

⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.

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