Following the Q1 and early April downturn that shook the entire crypto market, momentum is shifting once again—particularly for altcoins like XRP. As Bitcoin inches closer to the $100,000 milestone, market sentiment is becoming increasingly bullish, and Santiment now highlights several key factors that could propel XRP to new all-time highs.
Renewed Optimism Across the Market
Santiment’s latest data reveals a significant change in market conditions, especially for altcoins that struggled in previous months. Ripple’s XRP is one of the standout assets showing signs of recovery, with trader sentiment shifting toward greed—a possible indicator of an upcoming rally.
This optimism is being fueled by growing speculation around a potential Ripple ETF in the United States. While XRP’s price has hovered below the $1 mark in recent weeks, Santiment notes that many in the crypto community are betting on a breakout that could send the token beyond its previous all-time high of $3.84.
ETF Speculation Sparks Hype
Much of the renewed excitement surrounding XRP comes from discussions about a spot Ripple ETF, following the earlier approval of futures-based XRP ETFs. Analysts and community members alike believe that a spot ETF approval—possibly arriving as early as this summer—could attract institutional capital and bring mainstream financial exposure to XRP.
Even though the SEC recently delayed its decision on Franklin Templeton’s XRP ETF filing, Santiment’s research found that investor sentiment remains largely undeterred. The platform notes:
“The delay hasn’t shaken investor optimism. Many believe that, once approved, these ETFs could bring in large amounts of institutional money and push XRP into the financial mainstream.”
Historical Context: Rally After US Elections
XRP previously experienced a massive surge following the U.S. elections and positive developments in its ongoing legal battle with the SEC. From November to January, XRP skyrocketed from $0.60 to $3.40, nearly matching its 2018 all-time high. However, the price later cooled off despite Ripple CEO Brad Garlinghouse announcing a favorable lawsuit resolution.
Now, with the lawsuit impact fading, investors are pinning their hopes on new drivers like ETF approval and a friendlier regulatory environment.
Santiment’s Technical Outlook: Bulls Are Taking Over
While general discussion around XRP has dipped compared to other top altcoins, Santiment reports that bullish sentiment is rising. Their analysis shows that “bulls are getting more vocal as compared to the few bears,” indicating a shift in momentum.
From a technical standpoint, the platform observes increasing signs of a potential breakout, supported by stronger community engagement and growing external attention.
“With attention growing and more exposure on the way, many in the crypto space see XRP on the edge of a major breakout,” Santiment’s report concludes.
Conclusion: Could XRP Hit New Highs Soon?
Santiment reveals what could propel XRP to new all-time highs—and it’s not just technical charts. From ETF optimism and improving regulatory sentiment to institutional interest and rising social buzz, multiple indicators suggest that XRP may be positioned for a significant move upward.
While volatility remains, the evolving fundamentals and market sentiment make XRP a coin to watch closely in the coming months.
