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ZyCrypto 2025-02-26 21:58:05

Ripple’s XRP 10X Path Is Clearer Than Bitcoin’s $1 Million Hurdle, Asserts Analyst

Optimism around XRP has continued to surge despite the asset’s price faltering this week after a wider crypto market drawdown led by Bitcoin. Notably, the third-largest cryptocurrency has dropped nearly 20% since Monday, approaching a critical multi-year support level at $2. Nevertheless, despite this pullback, analysts suggest there is still room for XRP’s growth , with the potential to outperform BTC and ETH in the long run. In a recent tweet, crypto analyst Max Avery highlighted the difference in the scale of returns required for BTC and XRP prices to surge tenfold. “For Bitcoin to deliver a 10x return, it has to reach $1 million. For XRP to deliver 10x, it only needs to hit $25. Think about that gap for a moment. Which seems more likely?” he asked . The pundit further emphasized that XRP has outperformed Bitcoin in percentage ROI over a 10-year period, suggesting the trend could continue. Echoing these sentiments, some XRP community members reinforced the argument. “Totally reasonable,” one investor noted, adding, “ For Bitcoin to 10x, the market cap would need to increase from $2T to $20T. The entire valuation of all U.S. equity markets is maybe $50T. Bitcoin is not going to get there. For XRP to 10x, its market cap would be $1.5T.” That said, this surge in optimism comes as XRP continues to attract strong interest, particularly in South Korea. According to CoinGecko data, Upbit’s trading volume reached $4.53 billion in the past 24 hours, with XRP/KRW leading the Korean won trading market at 27.99% of total volume. Other top-traded assets included BTC, ETH, USDT, and DOGE. Interest in the XRP ecosystem has also been fueled by developments in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Various experts anticipate a resolution soon, with pro-Ripple attorney Jeremy Hogan stating on Saturday that a decision could come as early as April or May. Adding to the optimism, speculation around a potential spot XRP ETF approval has intensified. Multiple applications, including 21-Shares and Grayscale’s, were recently added to the SEC’s federal register, prompting analysts to assess their potential market impact. Last week, Luca Sorlini, Product Director at Northstake, projected that an approved XRP ETF could attract between $400 million and $800 million in inflows within its first week, depending on market conditions and institutional demand. Elsewhere, last month JPMorgan predicted up to $8 billion could flow into an XRP ETF, a significant sum, though modest compared to the over $50 billion in payments Ripple has already processed. At press time, XRP was trading at $2.19, reflecting a 10.44% drop in the past 24 hours.

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