Factors Contributing to the Growth of XRP
Several optimistic factors strengthen XRP's position. The resolution of the SEC lawsuit and the approval of a spot XRP ETF in the USA could lead to an increase in the altcoin's price. Despite XRP trading at 38.42% below its all-time high of $3.84, it shows potential for recovery.
The recent introduction of Ripple RLUSD, a stablecoin pegged to the US dollar, adds to the optimistic sentiment. The company's plans to collaborate with Cardano to develop blockchain-based solutions further enhance the long-term appeal of XRP.
