XRP Price
read
CoinChapter.com
exist


Google News
Yerevan (CoinChapter.com) - XRP has remained stable at around $0.53 over the past month with little volatility. Despite the mediocre performance, a crypto educator named "Mystery of Crypto" has pointed out ten factors that could drive XRP prices up significantly.


XRP market value explosive growth chart. Source:
@Mysteryofcrypt
Ripple-SEC legal battle is about to enter a climax
Ongoing
Ripple-SEC Lawsuit
It will be crucial for the price of XRP as it will provide regulatory clarity.
The case, which has been ongoing for more than three years, questions whether XRP is a security. If the court rules in favor of Ripple, confirming that XRP is not a security, it would remove legal barriers that limit its adoption and use. Such clarity could attract institutional investors who have been hesitant due to regulatory uncertainty, increasing demand and driving XRP's price higher.
In addition, the outcome of the lawsuit will affect Ripple’s business operations. The U.S. Securities and Exchange Commission (SEC) has requested heavy fines and restrictions on Ripple’s activities. If Ripple successfully defends against these requests, it will enable the company to expand its services and partnerships within legal constraints.
This expansion could enhance XRP’s market liquidity and utility. The final verdict, expected in the third quarter of 2024, will keep investors closely watching these developments for their potential impact on XRP’s future valuation.
Ripple to launch new stablecoin
Ripple plans to launch a dollar-pegged stablecoin called RLUSD on the XRP Ledger, attempting to gain a firm foothold in a market dominated by Tether (USDT) and Circle (USDC).
RLUSD aims to expand Ripple’s ecosystem by attracting more users to the XRP Ledger, which is expected to have a market cap of about $3 trillion by 2028. This is roughly the same as the net valuation of the cryptocurrency market.


Stablecoin market growth forecast chart. Source:
Ripple
XRP documentary to be released on Netflix
Fruition Productions will release a documentary titled "XRP Unleashed" on Netflix. The documentary details the history, development, and Ripple-SEC litigation of XRP. It includes interviews with attorney John Deaton, Ripple personnel, financial advisors, and legal experts.


XRP Unleashed trailer announcement. Source:
Fruition Productions
This detailed study will highlight the legal battles and market disruptions faced by XRP, providing viewers with a comprehensive understanding of its development. Increased exposure through Netflix could boost market confidence and drive XRP's price higher due to greater visibility and interest.
Rumors of an XRP spot ETF continue to circulate
Speculation about the approval of an XRP spot exchange-traded fund (ETF) has been circulating in the crypto community. Although ETF analyst James Seifat is skeptical about its immediate arrival, the possibility has already attracted considerable attention.


Standard Chartered Bank ETF announcement. Source:
Watcher.Guru
XRP spot ETF will provide a new avenue for institutional investment and increase market liquidity. The expectation alone has already aroused the interest of potential investors.
CoinMetrics adds XRP back into its index
CoinMetrics has re-included XRP into its CMBI 10 index, indicating a return of confidence in the cryptocurrency. This inclusion highlights XRP’s stability and market relevance, making it an attractive option for institutional investors who rely on major indices for portfolio decisions.
Becoming a part of the CMBI 10 Index is a recognition of XRP’s long-term potential and market strength.


XRP recovers in the CMBI10 index. Source:
Wrath of Kahneman
Coinbase Re-Enables XRP Trading in New York
Coinbase, the largest U.S. exchange, has resumed XRP trading for New York residents, expanding access to the cryptocurrency. The exchange had stopped trading XRP in January 2021 after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. However, the court ruling showed that
XRP is not a security
Later, Coinbase was relisted in New York.


Coinbase in New York resumes XRP trading. Source:
Paul Grewal
Ripple's IPO plans
Ripple announced plans to go public, intending to launch an initial public offering (IPO).
Although plans are currently on hold, the potential IPO has created a buzz in the market. A listing would increase Ripple’s transparency and financial stability, positively impacting XRP. An IPO could attract a wave of new investors interested in both Ripple stock and XRP.
XRP gets UK Financial Markets Authority license
Ripple has been granted a license by the UK Financial Conduct Authority (FCA), expanding its regulatory scope. The license allows Ripple to operate more freely in the UK, one of the world's leading financial markets.
Regulatory approval from an authority like the FCA increases the credibility and appeal of XRP. It also paves the way for wider adoption and integration within the UK financial ecosystem.
Launch of RWA tokenization
Ripple plans to launch tokenized real-world assets (RWA) on the XRP Ledger. Simply put, the company aims to bring physical assets such as real estate and commodities into the digital realm, a decision that could have a bullish impact on the XRP market.
Chief Technology Officer of Ripple
David Schwartz
He expressed great confidence that the XRP Ledger will become the preferred platform for tokenization in the next 18 months. He emphasized the advantages of XRPL, including low transaction fees, seamless integration with decentralized exchanges, and flexibility in handling a variety of assets.
This development prospect will significantly expand the application scenarios of XRP and enhance its market value, ultimately making financial products more convenient and efficient.
Completion of the US money transmission license
Ripple has already obtained
Money Transmitter Licenses in Various US States
, strengthening its regulatory compliance. These licenses enable Ripple to conduct business and expand services more effectively in the U.S. market. Enhanced regulatory compliance increases investor confidence and provides a solid foundation for growth. It also puts XRP in a better position to gain wider adoption in the financial sector.
Together, these ten factors highlight XRP’s readiness for potential explosive growth. Each of these developments increases XRP’s credibility, utility, and market appeal, making it an asset to watch in the coming months.