Summary Bitcoin's new all-time high signals a parabolic phase, historically lifting altcoins like XRP alongside it. XRP typically trends upward during Bitcoin bull markets, presenting a strong correlation for potential gains. XRP ETF approvals could be catalysts to drive XRP higher in the coming months, enhancing its investment appeal. Given these factors, I see XRP as well-positioned for a significant upside as the crypto market rallies. As Bitcoin ( BTC-USD ) made a new all-time high recently, Ripple ( XRP-USD ) is poised to move higher as well. Bitcoin is likely entering the parabolic phase of this halving cycle, which I highlighted in a previous article . XRP and the other altcoins tend to trend well with Bitcoin during its bull markets. XRP has multiple catalysts to drive it higher over the next several months. XRP's Background XRP is a cryptocurrency and native token of the open-source decentralized blockchain of the XRP Ledger. XRP and the blockchain were created to improve global financial transfers and currency exchanges. It is also used by investors and traders to profit from its price fluctuations. The advantage of XRP is that transactions are fast, taking only 3 to 5 seconds to settle. This is faster than Bitcoin, which takes 500 seconds to settle. XRP also has a low cost per transaction of just $0.0002 as compared to Bitcoin's $0.50. Traditional international cross-border transfers are much more expensive,w with fees ranging from $35 to $50 per transaction with Western Union. XRP also has a finite supply of 100 billion coins. No more XRP will be created. The finite supply can help support XRP's price if demand for the token increases. Ripple is a technology company that has been striving to build a high-performance global payments business. XRP is a digital asset that is independent of this company. Ripple currently holds 37.1 billion of XRP in escrow . While Bitcoin has been dubbed 'digital gold' by investors, XRP along with other altcoins can be considered 'digital silver'. In this context, Bitcoin can be thought of as a long-term store of value as its price increases over time. XRP's price has made higher highs the same way that Bitcoin has. As a result, XRP might be more of a trading vehicle to be held during the extreme lows and highs of its price. Bitcoin tends to lead the cryptocurrencies since it has the first-mover advantage. XRP was created in 2012, three years after Bitcoin's debut. Trending with Bitcoin's Movements Bitcoin (BTC-USD) Monthly Price Chart w/ RSI & MACD (TradingView) Bitcoin's monthly price chart above shows the strong moves in April & May 2025 as the price hit a new all-time high of $111,960 before dropping back below $109,000 and then recovering back above $109,000. This looks like the beginning of another breakout or strong leg higher. I made my case in a previous article that the price of Bitcoin would peak in about October 2025. This is based on the consistency of the length of the bull markets from the price bottom to the peak. The last two bitcoin cycles lasted exactly 1,064 days, while the first cycle lasted a little longer at 1,148 days. If the current cycle is consistent with the last two, then October 2025 would be the time for the price to peak. This could be the beginning of Bitcoin's parabolic phase of its halving cycle, where large gains are made within just a few months. This theory is supported by the strong green candles for April and May and the breakout to an all-time high. It is reasonable to expect the price of XRP to follow Bitcoin's move higher based on previous cycles. XRP tends to have sharp price swings in each cycle. Investors can profit from these sharp price swings in XRP from the price bottom to the peak of each cycle. XRP-USD Monthly Price Chart w/ RSI & MACD (TradingView) XRP's monthly chart above shows the sharp price swings of each cycle. XRP increased in price about 15x in the last cycle in 2020 to 2021. XRP increased by a larger amount of about 25x in the 2017 cycle. A move of 15x from the 2022 low of about $0.28 would take the price to about $4.20 in this cycle. That's about 82% higher than the current price. Launch of New XRP ETFs Another potential catalyst for XRP is the recent May 22 launch of the first XRP ETFs . The Volatility Shares Trust ( XRPI ) began trading on May 22. It is the first exchange-traded XRP-based ETF. A leveraged ETF was also launched and is known as the Volatility Shares Trust XRP 2x ETF ( XRPT ). XRPI and XRPT track XRP futures contracts and are not spot XRP ETFs. These ETFs allow investors/traders to get exposure to XRP without managing wallets. Traders can easily purchase these ETFs on regular exchanges, just like other ETFs and stocks. There are also numerous spot XRP ETFs that are awaiting SEC approval . Companies such as Grayscale, Bitwise, WisdomTree, 21Shares, Canary, CoinShares, and Franklin are all waiting on SEC approval for spot XRP ETFs. The SEC approval decisions for spot XRP ETFs are expected by the end of 2025. However, the decision could come earlier. The launch of XRPI and XRPT and any new approvals for spot XRP ETFs could help spark a rally for XRP as more awareness about the crypto is created. These ETFs can help get more investors interested in XRP and provide them with a convenient way to buy and sell it. Final Thoughts My final thought is that XRP is likely to ride Bitcoin's coattails during the parabolic phase of the halving cycle. While there is likely to be volatility along the way, I expect XRP's price to trend strongly upward along with Bitcoin to about October 2025. Plus, the launch of XRPI, XRPT, and any future spot XRP ETF approvals could act as positive catalysts to drive XRP's price higher. The technicals should be watched closely for a long-term top or peak (extreme overbought levels on the RSI). Then, a selling strategy will be considered to lock in profits. Of course, there are no guarantees that my theory will play out. It is possible that the future movements differ from the past cycles. The price movement of XRP could differ significantly from Bitcoin's price movements. Bitcoin and other altcoins could be favored over XRP, causing its price to lag. Therefore, investors/traders should consider XRP to be a speculative investment/trading vehicle.