Prominent analyst Ted Pillows highlights XRP among the next wave of cryptocurrencies that could rake in significant profits.
The analyst revealed this in his recent investment strategy, suggesting that the next major opportunities in the crypto market revolve around altcoins with exchange-traded funds (ETFs).
In an X post, he shared a detailed list of crypto assets with existing or pending ETFs. Notably, XRP was among the assets mentioned, with Ted highlighting that its ETF status remains pending.
Other cryptocurrencies with pending ETF status in the list include Solana, Avalanche, Aptos, Chainlink, Dogecoin, Cardano, BNB, and Litecoin. In Ted’s view, XRP and the other altcoins awaiting ETF approvals hold the most promising potential because they could attract inflows from institutions once they go live.
Bitcoin and Ethereum Growth Fuels Bold Projections
Citing Bitcoin and Ethereum, which were approved for spot ETFs last year, most market analysts note that such products give the underlying assets mainstream legitimacy, institutional exposure, and enhanced liquidity, all of which typically drive price appreciation.
With the strong adoption of Bitcoin and Ethereum ETFs since last year, BTC surged to an ATH of $126,198 this month. Meanwhile, ETH broke its previous peak back in August. In contrast, other major tokens like XRP and Solana (SOL) lagged, with analysts attributing the disparity largely to the market impact of ETF availability.
Ted believes that XRP and other altcoins with pending ETF applications could experience significant gains once the SEC approves these products. As a result, he urged investors to prioritize coins with incoming ETFs ahead of potential approvals.
XRP ETFs
Notably, an XRP spot ETF went live in September after the SEC’s tacit approval of the REX-Osprey XRP ETF. Although the SEC has approved the REX-Osprey XRP ETF, the regulator has yet to rule on more than 10 other XRP ETF applications.
The decision, initially expected this month, has been delayed due to the ongoing U.S. government shutdown. Analysts believe the SEC will not issue its decision until the government is fully funded. However, it remains uncertain when this will happen.
XRP Plunges Over 7% in One Day
Meanwhile, like most crypto assets, XRP is still struggling to find its footing after experiencing one of the biggest downturns in recent times. On October 10, it plummeted to a multi-month low of $1.25 due to renewed tariff war between the U.S. and China.
Despite rebounding and climbing above $2.6, the downturn resumed again today. XRP is currently changing hands at $2.23, marking a decline of 7.21% over the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
