According to CryptoPotato, Ripple's XRP has achieved a significant milestone in its adoption journey. The total amount of XRP tokens held in accounts has surpassed 60 billion, valued at over $34 billion at current rates. Data from XRPL Services indicates there are nearly 5.3 million XRP accounts, with only 2,450 accounts currently holding a zero balance. This milestone follows the surpassing of the 5 million account mark at the beginning of 2024.

The 60 billion tokens held in accounts include all XRP stored in wallets, whether in circulation or not. This figure encompasses XRP held by Ripple Labs (outside of escrow), tokens owned by institutions, and any other XRP not actively traded in the market. The current circulating supply of XRP is slightly over 56 billion, with a maximum supply cap of 100 billion. Ripple has structured the release of XRP from escrow to allow up to 1 billion XRP to be unlocked each month. However, the actual amount entering the market is less, as the company uses some of the holdings for business operations, partnerships, or sales. Ripple has already unlocked its portion of XRP tokens for this month. Despite the increased circulating supply, the valuation of the coin has remained stable due to the predictable nature of the release, allowing investors to prepare accordingly.

XRP's price experienced a surge following a recent court ruling in the case between Ripple and the US SEC. Judge Torres ruled that Ripple must pay a fine of $125 million for violating certain securities laws, a significant reduction from the initial demand of $2 billion. Following the announcement, XRP's price increased by 20%, reaching nearly $0.64. However, it later retraced below $0.55 before stabilizing at around $0.57, according to CoinGecko's data. Despite the recent price fluctuations, analysts remain optimistic about XRP's future. One analyst, using the handle FLASH, suggested that XRP's price could reach $2 if it surpasses the 200-day weighted moving average (WMA). Another analyst, Crypto Tony, identified $0.66 as a major resistance level, predicting a potential price increase if this level is breached.