Despite a corrective trend in the digital currency market, signs of Ripple (XRP) starting an upward movement are emerging. Ripple is currently the third most traded digital currency after stablecoins, indicating an increasing investor interest in XRP. Despite a price correction last week, XRP has still recorded an 11.5% growth in the past seven days and its trading volume has reached $3.56 billion, showing relative market strength. Furthermore, XRP has outperformed Ethereum in terms of total market value (FDV), demonstrating its strengthening position among competitors. One of the most influential factors is the excitement surrounding Ripple exchange-traded funds (ETFs). Although the U.S. Securities and Exchange Commission (SEC) recently delayed reviewing the Grayscale Ripple ETF application, analysts expect this decision not to have a long-term impact on the approval process. Legal restrictions on institutional investor sales are among the main obstacles to Ripple’s price growth. Currently, with the SEC setting aside legal cases against companies like Coinbase, some believe that dismissing the lawsuit against Ripple is also possible. In case this happens, institutional investors may enter the Ripple market, potentially driving price growth. However, despite optimism about resolving the Ripple and SEC case, some analysts have warned that the market may have already priced in this event. On the other hand, rumors about Ripple’s Initial Public Offering (IPO) have surfaced. Some analysts believe that if Ripple enters the stock market, XRP’s price could increase by up to $10. As we approach the end of the Ripple and SEC case, investors are waiting for the market’s reaction. If a new upward trend begins, XRP could witness significant growth, but if all this news has already been factored into the price, price growth will be more limited. On the live digital currency price page, you can view the prices of all tokens and cryptocurrencies in real-time.
