XRP has seen a massive surge in value after the US SEC’s legal case against Ripple was settled. The decision, with both parties dropping all appeals, provides XRP with full regulatory clarity in the US. This legal victory has fueled market optimism, driving record-breaking trading volumes and propelling its price toward potential highs.
International traders are seeing a surge in activity, with Upbit witnessing a record $1.09 billion in daily XRP trades. Korean markets alone account for 40% of the country’s total cryptocurrency trading volume, indicating robust retail demand.
Market analyst Smart Degen believes that this legal victory positions XRP to reach $10, potentially boosting its valuation to over $460 billion – a figure similar to Ethereum’s market cap in 2021.
He highlights the importance of regulatory clarity for XRP’s growth and its potential in cross-border payments. Further fueling this momentum is speculation about upcoming XRP ETFs, with Franklin Templeton reportedly applying for an approval rate of over 78%.
This legal milestone has positioned XRP as the first US crypto to have complete regulatory certainty, further strengthening its position within the payments sector. The potential for continued growth remains high if market conditions align with analyst projections.