As Standard Chartered Bank and analysts predict XRP prices could reach a historic high of nearly $8, market optimism for XRP is heating up. Clarification of the regulatory outlook, ETF capital inflows, and the expanding use of stablecoins have all driven the rise in XRP prices. Analyst Sam Daodu specifically pointed out that the progress of the CLARITY Act and Ripple obtaining new trust bank approvals are catalysts that could unlock institutional demand. Currently, seven US spot XRP ETFs have locked in supply, and Ripple's RLUSD stablecoin is also growing. Continued demand could push XRP prices into the $8-10 range.

XRP2.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)