XRP Price Prediction: Second Only to Bitcoin in Upside Potential, $2.10 Is the Key Entry Point

Kaiko Announces Q3 Rankings, Showing XRP’s Long-Term Upside Potential Second Only to Bitcoin, with Dogecoin (DOGE) and Solana (SOL) Following Closely. Institutional Awareness of XRP’s Ledger Seems to Be Rapidly Increasing, Especially After the Launch of the First XRP Spot ETF, Which Has Attracted $100 Million in Capital.

Kaiko’s Authoritative Ranking: XRP Ranks Second, Surpassing SOL and DOGE

(Source: Kaiko)

Kaiko conducted a survey among analysts to rank cryptocurrencies. XRP stood out as the second most popular cryptocurrency after Bitcoin, indicating a long-term bullish outlook for XRP’s price. Kaiko’s Q3 rankings this year show XRP tied with Ethereum (ETH) in second place, with Dogecoin (DOGE) and Solana (SOL) following.

Kaiko’s ranking system is highly authoritative. The company analyzes various features of each token to create an index scored out of 100, assessing the asset’s strengths and prospects. These factors include potential use cases, resources, and research. Unlike rankings based solely on market cap or trading volume, Kaiko’s approach is more comprehensive, considering technical fundamentals, ecosystem development, and real-world applications.

XRP’s ability to outperform Solana and Dogecoin reflects analysts’ strong confidence in its fundamentals. Solana is known for its high-performance blockchain and has a large ecosystem in DeFi and NFTs. Dogecoin, the largest memecoin by market cap, is backed by Elon Musk and has a massive community. However, XRP’s advantages in practical use cases have earned it higher scores in Kaiko’s evaluation.

Kaiko’s Q3 Cryptocurrency Rankings

First Place: Bitcoin (BTC) — Steady as Digital Gold

Tied Second: XRP and Ethereum (ETH) — Equal emphasis on use cases and ecosystem

Following: Dogecoin (DOGE) and Solana (SOL) — Each with unique community and technical strengths

Institutional awareness of XRP’s ledger appears to be rapidly increasing. This partly stems from Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) being essentially resolved, removing regulatory uncertainty. Additionally, Ripple’s ongoing expansion in cross-border payments and deepening collaborations with global financial institutions provide strong fundamental support for XRP.

XRP Spot ETF Launch Attracts $100 Million in Institutional Capital

Recently, the first XRP spot exchange-traded fund (ETF) was launched. Despite recent market sell-offs, the ETF has already attracted $100 million from investors. This is a key catalyst for a bullish price outlook for XRP. The ETF offers traditional investors a compliant and convenient way to invest in XRP without directly holding cryptocurrencies or worrying about custody risks.

The $100 million inflow at the ETF’s launch is significant. For comparison, Bitcoin spot ETFs experienced similar initial capital inflows, quickly growing to billions of dollars. If XRP’s ETF can replicate Bitcoin’s success, it could attract even more institutional funds in the future.

The ETF’s launch also provides a price discovery mechanism for XRP. Before the ETF, XRP’s price was mainly determined by trading on various crypto exchanges, which varied in liquidity and transparency. Trading on a regulated traditional financial market offers more transparent and standardized price formation, boosting overall market confidence in XRP.

Despite some recent price declines, institutional interest in Ripple’s ecosystem remains strong — a key factor supporting a long-term bullish outlook for XRP. Institutional investors tend to focus on long-term value rather than short-term volatility, and their continued participation provides a stable demand base. Moreover, the entry of institutional capital often involves rigorous due diligence and risk management, indicating a deep understanding and optimistic outlook on XRP’s fundamentals.

Technical Analysis: $2.10 Support Key to Defense

(Source: TradingView)

After suffering a heavy sell-off in recent days, XRP has rebounded today, having previously dipped close to $2.08. The price bounced back near $2.30, with trading volume decreasing, suggesting selling pressure may be easing. The rebound from the critical support at $2.10 indicates that the recent decline might have been an overreaction.

Why is the $2.10 support so crucial? From a technical perspective, this level is a confluence point of multiple factors. First, it’s near a key retracement level of XRP’s prior upward trend. Second, volume distribution shows significant historical trading activity around $2.10, meaning many investors’ cost bases are clustered there, giving them motivation to defend the level. Third, psychologically, $2 is an important round number; holding above $2.10 means maintaining a mental barrier above $2.

The rebound from $2.08 to $2.30, over 10%, indicates strong buying interest. The declining volume during the rebound is a positive sign, suggesting panic selling has subsided and the market may be forming a bottom. In a healthy uptrend, rising prices are accompanied by increasing volume, and corrections see decreasing volume — consistent with XRP’s current behavior.

To sustain the upward momentum, XRP needs to break above the 200-day exponential moving average (EMA), and the Relative Strength Index (RSI) must cross above its 14-day moving average. The 200-day EMA is a key long-term trend indicator; trading above it is typically seen as bullish, below as bearish. Currently, XRP is below this level; a breakout would signal a trend reversal.

RSI measures momentum by comparing recent gains and losses. When RSI crosses above its 14-day moving average, it often signals a shift from negative to positive momentum, indicating buying strength is increasing. XRP’s RSI is approaching this critical point; a successful crossover would be a double bullish signal.

XRP Price Forecast: Targeting $4 in the Coming Weeks

If the rebound gains strength, XRP could rise to $4 within the next few weeks. This forecast is based on multiple factors. Technically, if XRP successfully breaks above the 200-day EMA and RSI’s key resistance, the next major target would be the previous high near $3.65. Breaking that resistance could open the door to $4, a psychological and technical milestone.

Fundamentally, Kaiko’s second-place ranking and the successful launch of the XRP ETF provide strong support for a rally. Institutional interest in Ripple’s ecosystem remains high, underpinning a bullish long-term outlook. Ripple’s ongoing expansion in cross-border payments and partnerships with more financial institutions will likely drive actual usage and demand for XRP.

Market cycles suggest that the current crypto market may be in mid-bull phase. Bitcoin and Ethereum have already hit or are near all-time highs, while XRP remains some distance from its 2018 peak of $3.84. During typical crypto bull markets, leading coins tend to rotate upward; when Bitcoin and Ethereum’s momentum slows, funds often flow into other major tokens like XRP.

A $4 target implies roughly a 70% increase from current levels, which is common in crypto bull runs. XRP surged from $0.17 to $1.96 during the 2021 bull market — over 1,000% gains. If the current bull run matches that strength, reaching $4 is entirely feasible.