A spot XRP exchange-traded fund (ETF) is getting closer to approval after the US securities regulator acknowledged the filings submitted by Bitwise, Grayscale, and 21Shares. This approval will bode well for XRP price but crypto traders are looking for the top XRP rivals that could outperform it and possibly rally by 100x.
This analysis explores the three best XRP rivals that could rally by 100 times ahead of Ripple’s ETF approval deadline.
XRP Rivals to Buy: 3 Cryptos That Could Rally 100X
XRP rivals are poised to benefit from XRP’s rally if the SEC approves an ETF in the coming months. Here are three coins poised for explosive 100x gains.
Stellar (XLM)
Stellar (XLM) experienced an impressive rally in late 2024 that saw the price rally by more than 500% between November and December. This suggests that in case of an XRP ETF approval, Stellar, which is one of Ripple’s greatest rivals in the crypto payments industry, could experience a 100x gain.
XLM traded at $0.33 at the time of writing after a 4% drop caused by a pullback across the broader crypto market. Despite this decline, XLM’s market dominance has not dropped as it ranks as the 14th largest crypto by market capitalization.
On the daily chart, XLM’s on-balance volume (OBV) remains elevated suggesting that despite the price decline, demand for the token has not dried up. If the buying sentiment remains, XLM could aim for the 161.8% Fibonacci level at $0.87.
XLM/USDT: 1-day Chart
Dogecoin (DOGE)
Dogecoin is also a major XRP rival to buy because it is among the contenders for a spot ETF. Moreover, unlike XRP, DOGE has a clear regulatory standing with the SEC, making it likely that its ETF could receive approval sooner.
Dogecoin traded at $0.24 at press time, with bearish pressure leading to a 5% decline in 24 hours. Despite the recent decline, DOGE price continues to trade within an ascending parallel channel on the weekly chart, which shows the likelihood of a bullish continuation.
According to analyst Ali Charts, DOGE needs to hold support between the $0.16 and $0.19 price levels. If this support can hold, the Dogecoin price prediction suggests a rally towards $3, making it one of the top XRP competitors to buy for 100x gains.
Dogecoin Chart
Cardano (ADA)
Cardano price has rallied by 29% over the past year, highlighting a positive outlook on the token that makes it one of the top XRP rivals that could 100x. Despite dropping by 4% in 24 hours to trade at $0.768, at press time, ADA was still defending a multi-month support level at $0.70.
ADA price faces an immediate resistance level at the 38.2% Fibonacci level of $0.82. The price has been rejected from this resistance level severally due to reduced retail interest. However, if buyer demand can rise again, and a breakout occurs, Cardano could rally past $1 to the 161.8% Fib level of $1.83.
ADA/USDT: 1-day Chart
Several bullish triggers could spark the resumption of an uptrend. Similar to Ripple, the Cardano community is also awaiting the SEC’s feedback on Grayscale’s filing for a spot ADA ETF. Analysts predict that this approval may spark a rally to $15 this cycle.
Conclusion
Stellar (XLM), Dogecoin (DOGE), and Cardano (ADA) are some of the best XRP rivals to buy that could rally by 100x. These coins have some strong fundamentals and catalyst news that could spark a jump in the coming months.
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