Grayscale’s launch of an XRP Trust has ignited interest, driving $XRP price up by 5%. This comes on the heels of Ripple’s SEC settlement, reopening the door to US exchanges and institutional investors.
🔑 Key Bullish Drivers:
🔹Grayscale’s XRP Trust: A potential step towards an XRP ETF, mirroring their success with Bitcoin & Ethereum.
🔹Regulatory Clarity: Ripple settled the SEC lawsuit, paving the way for broader adoption.
🔹Cross-border payments: XRP remains a key player, with recent developments boosting confidence.
🔹Other developments: recent announcements about RLUSD stablecoin and partnerships in Asia
Analysts are bullish on XRP's future, especially with ETF discussions gaining momentum. If the momentum continues, Ripple could outperform major cryptocurrencies in the coming months.