XRP has been drawing attention with its recent strong performance and legal victory in the SEC case. It is stated that XRP’s price needs to rise to $4.36 to surpass Ethereum in market value. In addition, the upcoming US elections and a possible XRP ETF approval are thought to play a critical role in the cryptocurrency’s future success.
Recently, XRP has been drawing attention in the cryptocurrency world with its strong performance. Currently trading at $2.37, XRP needs to increase by 83.4% to $4.36 in order to surpass Ethereum in terms of market value. Currently, XRP has a market value of $136.3 billion, while Ethereum has a clear lead with a market value of $436.3 billion. Bitcoin continues to lead with a market value of $1.94 trillion and a price of $97,744.99.
XRP’s strong rally and legal victories
XRP has gained remarkable momentum with its nearly 500% increase in recent months. In particular, the legal victory in the SEC and Ripple case was a significant factor in XRP’s recovery. The court’s decision that XRP is not a security not only eliminated legal uncertainties, but also increased institutional investors’ confidence in XRP. This development accelerated XRP’s adoption, leading to a positive increase in its price and market value. The $3.30 all-time high (ATH) seen in 2018 is still considered an important target, and many analysts predict that this level could be exceeded again.
The upcoming US presidential election and potential political upheaval could be a determining factor in XRP’s future. A new administration could introduce clearer and more supportive regulations for cryptocurrencies, paving the way for further growth for projects like XRP.
This could contribute to Ripple’s growth, boosting XRP adoption and having a positive impact on price action. Whether XRP can overtake Ethereum will largely depend on market interest and macroeconomic factors. However, a possible exchange-traded fund (ETF) approval for XRP could change this situation significantly.
The approval of an XRP ETF could provide institutional investors with easier access to XRP, increasing demand and liquidity. This development could significantly strengthen XRP’s potential to overtake Ethereum.
