- XRP gains momentum as legal clarity sparks massive trading surge.
- ETF speculation drives optimism for XRP’s rapid price growth.
- Korean traders dominate XRP market with record-breaking daily volumes.
According to market analyst Smart Degen, XRP could be on track for a significant rally following a major legal breakthrough. The long-standing case between the US Securities and Exchange Commission and Ripple has officially ended, with both parties dropping all appeals. Judge Analisa Torres’s previous decision is now final, and XRP has full regulatory clarity in the United States.
This decision has already caused a boom in international trade. Upbit, the South Korean exchange, announced that it had processed 1.09 billion XRP in 24 hours. Statistics indicate that this contributed 40 percent of the total cryptocurrency trading volume in the country, which indicates high retail demand.
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Legal Victory Fuels Market Projections
XRP is currently priced at approximately $3.00, giving it a market capitalization of $138 billion. Smart Degen projects that a rise to $10 would push the valuation to about $460 billion. He likened this opportunity to Ethereum, which had a market cap of 550 billion dollars in 2021, saying that XRP now has the benefits of regulatory clarity, utility in cross-border payments, and potential catalysts in exchange-traded funds.
Interest in XRP-related ETF prospects is increasing, with Franklin Templeton reportedly applying for an XRP ETF that has a 78% probability of approval. Other big financial companies, such as Fidelity and VanEck, are reported to be getting ready to enter the market. Analysts have proposed that the approval of an ETF will further catalyze growth and introduce the $150 trillion international cross-border payments market.
Institutional and Retail Momentum Building
Smart Degen revealed he purchased XRP at $0.40 during the market downturn and has held his position since. He stated plans to take partial profits if the token reaches $10, while keeping the rest for potential gains above $25 if ETF-driven momentum takes hold.
With the legal case settled and institutional interest rising, XRP has become the first primary cryptocurrency in the US with complete regulatory certainty. This milestone is expected to strengthen its position in the payments sector and could drive further price gains if market conditions align with analyst projections.
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