The post This Viral Altcoin Is Already Being Compared to XRP After Crossing 580,000 Holders appeared on BitcoinEthereumNews.com.

According to top market analysts, the XRP price’s latest pullback might signal a trend reversal soon. The crypto market is settling after President Trump’s tariff threats almost started a trade war. Ripple’s token tanked like the rest of the market to trade lower than $2. Despite persistent bearish pressure, market sentiment around the XRP price is favorable because the XRP token has substantial utility in the Ripple ledger.  Legacy tokens, like Ripple and other top altcoins, have shown incredible volatility in the last few weeks. The market hit new lows when China launched DeepSeek, and when trade tariffs were introduced. A new token on the market, DTX, has a strong real-world utility in the DTX Exchange trading platform. The token has already given early investors 700% ROR and is proving to be an excellent investment opportunity while bringing the trading markets into the future.  What’s Next for the XRP Price? The XRP price is at $2.45 right now. We could see the XRP price drop to $1.6 in the short term, but long-term predictions are relatively optimistic for Ripple. Upward momentum is imminent once the XRP price finds support at $2.5 and reclaims $2.7. Crypto analysts have said the XRP price could hit $18 in 2025.  Restoring the bull market structure would depend on how well Ripple performs in the coming weeks. The XRP price also depends on its prolonged legal battle with the Securities and Exchange Commission (SEC). The crypto market is anticipating a shift in regulatory policy after leadership changes in the SEC, but those changes have yet to be seen.  Hong Kong released a list of authorized cryptos, and Ripple is not on that list. The XRP Price fell 15% as a response and raised questions about the future of Ripple if it does not have institutional…

---

Filed under: News - @ February 9, 2025 7:24 am