XRP surpassed $3 per unit following a combination of key factors: crypto rally, legal settlement with the SEC, and institutional adoption. Now, the cryptocurrency is climbing positions and reinforcing its bullish projection.
Ripple's cryptocurrency, XRP, has once again captured the attention of the crypto ecosystem after reaching an intraday high of $3,37, with a current price close to $3,24, according to data from CoinGecko. The rally, which represents an increase of more than 7% in just 24 hours, has raised its market capitalization to $192.000 billion, placing it as the 89th most valuable asset in the world according to the CompaniesMarketCap platform.
This jump positions XRP above giants like Uber and Verizon, and brings it closer to competitors like Shopify, consolidating its relevance not only in the crypto space but also in the global financial landscape. In parallel, trading volume in the last 24 hours exceeds $12.900 billion, reflecting renewed interest from traders and institutional investors.
Source: CoinGecko
XRP's price recovery is supported by a series of events that have strengthened user and investor confidence, including the resolution of the long-running litigation between Ripple and the U.S. Securities and Exchange Commission (SEC), as well as new strategic initiatives aimed at greater institutional adoption.
Institutional Custody and Legal Closure: Two Key Catalysts for XRP
One of the elements that has reinforced XRP's momentum is the incorporation of Institutional custody services by BDACS, a leading custodian in South Korea. This platform has begun offering support for both XRP and Ripple USD (RLUSD), the stablecoin linked to the Ripple ecosystem. the decision It opens the door to greater participation by institutional players, who require secure and regulated custody solutions to operate with digital assets.
“We are delighted to offer custody support for XRP, one of the most popular digital assets in Korea, to our institutional clients.”, said the regulated custodian.
Added to this is the withdrawal of appeals by Ripple and the SEC, suggesting the definitive closure of a litigation that lasted for years and which had generated uncertainty about the regulatory future of XRP. The resolution of the case removes a significant obstacle to its adoption and clears the way for new integrations into traditional financial platforms.
Both factors have contributed to an increase in liquidity and the perception of stability for the digital asset, key elements for its consolidation in the market. The combination of legal clarity and institutional support is creating a more favorable environment for XRP, which is now presented as a viable option for medium- and long-term investment strategies.
Bullish expectations and technical signals reinforce market optimism
XRP's current performance has sparked interest among technical analysts and specialized traders. Recently, a 1,8% increase in funds locked in XRP derivatives, accompanied by a clear predominance of long positions on exchanges. According to the expertsThis shows that investors generally expect its price to rise in the near future.
From a technical point of view, several indicators point to the fact that XRP could be starting a new bullish phase within a broader cycle. There are predictions that its price could rise to $4 or even $7 in the medium term, provided the cryptocurrency maintains its current momentum and the fundamental factors supporting it remain strong.
This positive outlook is part of an optimistic sentiment in the crypto market in general, where risk assets are beginning to show clear signs of recovery. In particular, XRP is taking advantage thanks to its role as bridge between traditional finance and blockchain technology, which gives it significant competitive value, especially at times when institutional adoption is beginning to gain traction.
Therefore, XRP's rise above $3 is not a coincidence, but the result of a combination of technical, strategic, and regulatory aspects that have strengthened its position in the financial ecosystem.
With a market capitalization that places it among the world's most valuable digital assets and increasingly evident institutional interest, XRP appears poised to be one of the key players in this new era of the crypto market. Its potential growth and the consolidation of its ecosystem could mark the beginning of a sustained expansion, with significant impacts for investors, platforms, and regulators alike.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
