In a recent update, Bloomberg’s Senior ETF Analyst Eric Balchunas shared fresh updates on the chances of various spot cryptocurrency ETFs getting approved by the U.S. Securities and Exchange Commission (SEC).
In a post on X (formerly Twitter), Balchunas mentioned he’s hoping to hear from the SEC directly, but for now, the chances for several crypto ETFs getting the green light are looking strong.
The analyst has listed the approval odds for popular cryptocurrencies like Litecoin, Solana, XRP, and others. And guess what? Some of them have a 90% chance of approval in 2025.
Here’s a quick, easy look at the latest numbers:
Crypto Basket ETFs (mix of different coins) – 90%
Litecoin (LTC) – 90%
Solana (SOL) – 90%
XRP – 85% (important update coming on April 21st)
Dogecoin (DOGE) – 80%
HBAR – 80%
Cardano (ADA) – 75%
Polkadot (DOT) – 75%
Avalanche (AVAX) – 75%
Most of these crypto assets are likely to be treated as commodities by the SEC, which makes their approval chances even brighter.
The report also points out key dates and regulatory deadlines for each ETF. It’s clear that the crypto market is moving closer to becoming a bigger part of the traditional financial world. If these ETFs get approved, it could open the door for more investors to safely and easily invest in popular cryptocurrencies through regular stock market channels.
XRP price has surged following the news that Dubai’s Dubai International Financial Centre (DIFC) granted regulatory approval to Ripple’s stablecoin, RLUSD. This approval marks a significant step in Ripple’s global expansion, especially within the UAE and other key regions. The positive market reaction underscores growing confidence in Ripple’s compliant digital asset solutions, bolstered by developments
XRP price is defending the support level at $2, but it has also failed to make meaningful gains in recent weeks as traders remain cautious because of macroeconomic concerns. One analyst now believes that if Ripple fails to make any gains, it will face a massive selloff from whales and top holders, which makes it similar to meme coins. Amid this criticism, traders are now looking for the top XRP rivals to buy to make significant gains.
XRP Rivals in Focus as Analyst Likens Ripple to Meme Coins
According to a recent post by analyst Crash on X, XRP price may be on the verge of a massive selloff from the existing holders. The traders who made significant gains late last year as Ripple soared are now looking to book profits, but there is insufficient demand from buyers considering the current bearish conditions in the market.
The analyst added that he was taking a short position on the XRP price as it will likely follow the same path as meme coins, which have already crashed by 90%. Additionally, reduced network activity adds to the likelihood that the price will record a massive decline. He stated,
“XRP is the biggest memecoin in disguise. It has little to no activity or revenue on the chain, just like a memecoin. It’s truly miraculous for it to be this high, and everyone who holds it is very fortunate they can sell it.”
Amid this sentiment, traders are seeking the top XRP rivals that they can buy today to make significant gains if the altcoin declines in price.
Top 3 XRP Rivals to Buy Today
The top 3 XRP rivals that traders should consider buying today to make significant gains include Stellar (XLM), Solana (SOL), and Cardano (ADA). These altcoins have a bullish technical outlook as well as some strong fundamentals that suggest they may be primed for an uptrend.
Stellar (XLM)
One of the top XRP rivals to buy is Stellar (XLM), which trades at $0.24 at press time. This altcoin is often compared to Ripple, considering that the two blockchain projects seek to offer easier access to cross-border payments.
Analyst Andrew Griffiths on X has shared a bullish Stellar price prediction, suggesting that the XLM token might soon rally to record highs. He noted that XLM was trading within a bullish pattern, and if it flips resistance at $0.44, it could support gains past the all-time high of $0.87 and surpass $1.
Stellar Price Chart
If XLM can achieve this price target, it is likely to outperform XRP if the latter records a surge in selling activity, making it one of the top XRP competitors to buy.
Solana (SOL)
Solana (SOL) also ranks among the top XRP rivals to buy today because of a bullish technical outlook and strong network activity. A recent Coingape article reported that the SOL price can rally to $150 soon after clearing a key liquidation level after its recent gains.
The rising network activity indicates that the Solana price can also outperform Ripple. Recently, the SOL network recorded the highest daily revenue since February 21, suggesting that more people are using the blockchain.
SOL Daily Revenue
As network activity rises, it is bullish for SOL price, indicating the likelihood that it may outperform XRP. As such, it is among the top competitors of XRP to acquire today.
Cardano (ADA)
The other XRP rival that a trader should consider buying is Cardano (ADA). At press time, Cardano trades at $0.62 with a slight 1.4% gain in 24 hours. Analysts have shared a bullish Cardano price prediction, indicating that it might be on the verge of a recovery.
According to analyst Nala on X, Cardano appears to be following the same pattern that it did in 2019. At the time, ADA flipped a key resistance level before recording a strong uptrend. If this pattern repeats, this altcoin could soon explode to an all-time high price.
Cardano Price Chart
Summary of XRP Rivals
As XRP price struggles to defend the support level at $2, drawing criticism from some analysts, traders are now looking for the best XRP rivals to buy to make significant returns. Some of the top Ripple competitors to buy include Stellar, Solana, and Cardano, which are surrounded by strong technical setups and network activity, suggesting that they might outperform XRP.
A viral post by the X account All Things XRP has sparked debate with a bold theory: former President Donald Trump’s proposed 2025 tax plan could be the catalyst for the next major crypto bull run—particularly benefiting XRP.
The post presents a hypothetical scenario: the elimination of federal income tax for Americans earning under $200,000 per year. With nearly 90% of the U.S. workforce falling into this income bracket, the theory argues that such a policy would unleash a wave of disposable income.
The big question: Where would this money go?
Crypto as the Destination?
The post suggests that with more cash on hand, many Americans might turn to crypto—especially those who prefer saving and investing over spending. Despite crypto ownership currently sitting at just 28% in the U.S., the author speculates that this number could rise dramatically if disposable income increases.
Why XRP Could Lead the Rally
While Bitcoin and Ethereum dominate the market, the post argues that XRP could be the primary beneficiary. XRP’s low transaction costs and fast speeds make it more accessible than Bitcoin’s slower network or Ethereum’s high gas fees.
Moreover, with Ripple’s legal victory over the SEC and the anticipated launch of an XRP Spot ETF, the XRP ecosystem is gaining momentum within the U.S. financial landscape.
Beyond Transactions: XRP as a Store of Value?
XRP, currently the fourth-largest cryptocurrency with a market cap of over $130 billion, is widely used for payments and money transfers. However, the post forecasts a future where XRP could also serve as a store of value—potentially positioning it alongside Bitcoin, which is often viewed as “digital gold.”
The 1000% Price Surge Theory
The most explosive claim? If Trump’s tax cuts align with increased crypto adoption and regulatory clarity, XRP could surge by more than 1000%. Still, the author makes it clear: this prediction hinges entirely on the tax cut scenario, which remains speculative.
XRP’s recent performance lends some optimism to the outlook. Over the past year, XRP has climbed 343.4%, with a 7.7% increase in the last two weeks and 8.7% in the past month.
The post Donald Trump’s 2025 Tax Plan Could Spark a 1000% XRP Price Rally, Analyst Claims appeared first on Coinpedia Fintech News
A viral post by the X account All Things XRP has sparked debate with a bold theory: former President Donald Trump’s proposed 2025 tax plan could be the catalyst for the next major crypto bull run—particularly benefiting XRP. The post presents a hypothetical scenario: the elimination of federal income tax for Americans earning under $200,000 …
