XRP ETF Launches on Nasdaq Boosting Altcoin Market Confidence

Ripple's cryptocurrency XRP faces mixed forecasts as the market anticipates significant developments. Veteran trader Peter Brandt warns of a potential sharp decline to $1.07 based on technical patterns, despite XRP's recent stabilization and positive fundamentals, including increased ETF approval rates and updates to the Ripple Ledger enhancing its competitiveness. Conversely, some analysts predict XRP could reach $8 to $10 by 2025, driven by the expected launch of cryptocurrency ETFs that may attract institutional investment and the ongoing decline in Bitcoin dominance favoring altcoins. The recent launch of the XRP ETF on Nasdaq marks a milestone, coinciding with Ethereum's steady growth and the rise of AI-powered altcoins like FloppyPepe. Meanwhile, the XRP ecosystem is further energized by XenDex, the first decentralized exchange built on the XRP Ledger, which offers advanced DeFi features and is preparing for token listings on major exchanges amid Ripple's acquisition of Circle and the debut of the XRPI Futures ETF. These developments highlight a growing institutional confidence and expanding DeFi infrastructure that could significantly impact XRP's market trajectory.