🔥💥Forbes Reveals Ripple Benefits from $300 Billion in Flows: Can XRP Reach $1?
According to #Forbes Short Contributor Billy Bambrough, the cryptocurrency market has recently been provided with a flow of $ 300 million, a significant boost to major cryptocurrencies such as #Ripple (#XRP ).
Bambrough surpassed $70,000, approaching Bitcoin's 24-hour all-time high of $73,850. Similarly, Ripple (XRP) and other previous cryptocurrencies have witnessed sharp rises. This is a $300 million plus contribution in the total cryptocurrency capitalization last week.
In particular, Ripple (XRP) is among the best performing shows, reaching its highest intraday price of $ 0.6594 after an increase of 5.1%. Dec. Over the past seven days, the asset has shown an effective increase of 4.5% from a low of $ 0.5725.
Ripple's corporate interest is increasing
Amid the newly revived state of the crypto market after weeks of paid price regulations, some Goldman Sachs clients have indicated that they are ready to enter the cryptocurrency arena, Bambrough said. These advisors, mainly hedge funds, are experiencing son gains and fear of running away (FOMO), especially after the approval of multiple US Bitcoin spot etfs.
Max Minton, Goldman's Head of Digital Assets for Asia Pacific, said: "The recent ETF approval has triggered a new revival of interest and activity from our clients. Many of our biggest clients are actively researching or not being active in this area."
"Price action ... it is still primarily driven by retail investors. But these are the institutions we're starting to get into. Now you really see that the appetite has changed.”
XRP has struggled to perform, primarily due to the protracted Ripple and SEC litigation. Dec m, according to Changelly analysts, XRP could reach $1 by May 2025, potentially affected by the outcome of Ripple's ongoing legal battle with the SEC. However, if the case ends in favor of Ripple, it could provide a boost to the price of XRP.
