XRP Gains Bullish Momentum Amid Nasdaq Crypto Index ETF Inclusion Proposal, Signaling Institutional Optimism for Altcoins

XRP is attracting renewed investor attention after the Nasdaq Crypto Index ETF (NCIQ) proposed adding it to its holdings, following a rule-change proposal by the American Stock Exchange and a filing to the SEC. The move aims to expand ETF exposure beyond Bitcoin by including major altcoins such as Solana (SOL), Cardano (ADA), and Stellar (XLM). Notably, this development highlights growing institutional interest in integrating top altcoins into mainstream investment products. Crypto analyst Willy Woo raised concerns about classifying Bitcoin alongside tech-focused altcoins, suggesting a need to differentiate between store-of-value assets and programmable platforms. Despite this debate, XRP has maintained price strength above the crucial $2.14 support, supported by bullish technical indicators, including a positive MACD crossover and trading above key EMAs. Immediate resistance lies at $2.50 and $2.94, with potential for a run at the $3 level if positive momentum continues. Increased institutional adoption via ETF inclusion could boost XRP’s liquidity and upward price potential. However, a drop below key support may trigger a retest of lower levels. The ETF proposal’s outcome is likely to shape XRP’s short- and medium-term trajectory and signals renewed institutional confidence in selected altcoins.