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Myriad Moves: Odds Rise on XRP All-Time High, Plummet on Bitcoin Dominance
Yahoo Finance· 2025-09-18 17:35
Group 1: XRP Market Predictions - The market is currently predicting a potential price movement for XRP, with a 60% chance of reaching $4 and a 40% chance of dipping to $2 [2][4] - Recent favorable headlines, including the launch of the first ETF with exposure to spot XRP, have contributed to a more optimistic outlook for the asset [3] - XRP has seen a modest price gain of 3.6% over the last month, currently trading at $3.12, which supports predictions of a rise to $4 [3] Group 2: Bitcoin Dominance Predictions - Predictors are currently favoring a decrease in Bitcoin's dominance to 53%, rather than an increase to 63%, indicating potential gains in altcoins [5][7] - Bitcoin dominance measures the percentage of the total crypto market cap that belongs to Bitcoin, and a drop in this percentage suggests gains in other cryptocurrencies [6] - A significant shift in predictions occurred recently, with a 6% change in favor of the drop in dominance within the last 24 hours, influenced by new SEC listing requirements for crypto ETFs [7]
Here's Why October Will Be Critical for XRP
Yahoo Finance· 2025-09-13 10:30
Group 1 - The SEC is set to rule on multiple spot XRP ETF applications during the weeks of October 13 and October 20, which could lead to XRP joining Bitcoin and Ethereum in the U.S. spot-ETF market [1][3] - The convergence of ETF filings creates a unique opportunity for investors to gain regulatory clarity regarding XRP ETFs all at once [3] - The approval of spot ETFs could lead to significant demand for XRP as institutional partners purchase the underlying asset directly, potentially reducing the circulating supply over time [4] Group 2 - Historical context shows that ETF approvals do not always lead to immediate price surges; for instance, Ethereum's spot ETFs initially attracted $106 million on launch day, with significant inflows occurring much later [5] - Any potential price appreciation for XRP following ETF approvals is expected to be gradual, as asset gathering and availability on retirement platforms take time [6] - The approval of multiple spot XRP ETFs could create substantial buying pressure over time, although macroeconomic factors may influence market conditions [7]