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XRP's current price is $1.45, with a 4.06% increase in the last 24 hours and a market cap of $82.58 billion. Here are some key updates:
*Market Updates*
- 24-hour trading volume: $11.37 billion
- Circulating supply: 57 billion
- Total supply: 99.99 billion
- Maximum supply: 100 billion
*Price Predictions and Analysis*
Analysts predict XRP's price could reach $2 due to whale demand and potential regulatory shifts. Some experts also speculate that XRP might reach $5 by December.
*Recent Developments*
- Ripple unveiled the first tokenized money market fund on the XRP Ledger, valued at $4.77 billion.
- WisdomTree filed for an XRP ETF, indicating potential regulatory approval.
- Trading volumes on Korean exchanges surged, with DOGE and XRP dominating.
*Regulatory Environment*
- SEC Chair Gary Gensler's resignation may impact the SEC's appeal against Ripple.
- Regulatory clarity and potential ETF approvals could boost XRP's adoption and price.