A well-reputed crypto analytics firm surveyed analysts to rank cryptocurrencies, and guess who ranked second? XRP emerged as the second most popular cryptocurrency behind Bitcoin, favoring a bullish XRP price prediction for the long term.
Kaiko, a leading global firm that provides crypto market data to institutional players, shared its ranking for the third quarter of this year. XRP was tied with Ethereum (ETH) in second place, followed by Dogecoin (DOGE) and Solana (SOL).
The company analyzes a series of characteristics for each token to construct a 100-point index that analyzes the asset’s strengths and prospects.
These factors include potential use cases, resources, and research.
Institutional awareness seems to be rapidly growing for the XRP Ledger.
Recently, the first spot exchange-traded fund (ETF) for XRP was launched, and it has already attracted $100 million from investors despite the latest market sell-off.
XRP Price Prediction: Buyers Show Up at $2.10 – Is a Recovery Starting?
XRP has recovered today after taking some significant hits in the past few days that pushed down its price to nearly $2.08.
The price has bounced near $2.30, and trading volumes have retreated, indicating that the selling pressure could be easing.
XRP has bounced off a critical support at $2.10, suggesting the recent sell-off may have been an overreaction.
For the bullish momentum to continue, XRP needs to break above the 200-day exponential moving average and see the RSI push past its 14-day moving average.
Despite the pullback, institutional interest in Ripple’s ecosystem remains strong – a key factor behind a long-term bullish XRP price prediction.
If the rebound gains strength, XRP could rally toward $4 in the coming weeks.
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The post XRP Price Prediction: XRP Ranked #2 by Analysts – Just Behind Bitcoin, Ahead of Solana and DOGE appeared first on Cryptonews.
