XRP Price Explodes 415% in 30 Days: Experts Analyze Why XRP is Rising

Analysts attribute XRP’s rise to the third-largest cryptocurrency by market cap to optimism about regulatory changes and the expansion of Ripple’s ecosystem.

What happened: Speaking to Benzinga, industry experts highlight how Ripple‘S XRP/USD Business growth, including the launch of the RLUSD stablecoin, and potential shifts in SEC leadership are driving demand for XRP.

In a note to Benzinga, Ryan Leechief analyst Bitget Research shows that the ongoing legal battle between Ripple and the SEC is a crucial driver of market sentiment.

He emphasized that “any positive development in the case, such as Gary Gensler’s resignation or a favorable settlement, could further increase the price of XRP.”

Shivam ThakralCEO of BuyUcoinhighlighted the 40% increase in the price of XRP within 24 hours, catapulting its market capitalization to over $156 billion.

Thakral attributed this spike to a more crypto-friendly regulatory environment under the Trump administration and expectations of significant market inflows.

“Investor confidence is also supported by forecasts of a rate cut by the Federal Reserve,” he added.

Also read: Donald Trump could announce SEC chairman choice tomorrow: report

Ripple’s RLUSD stablecoin and broader ecosystem growth are driving demand for XRP.

According to Lee, Ripple’s partnerships with financial institutions and the token’s integral role in its infrastructure have a direct impact on XRP’s valuation.

Market analyst Alex Kuptsikevich by FxPro noted that while the price of XRP has stabilized at $2.6 – a level not reached since 2018 – corrections are likely to occur at this point.

He also pointed to the possible introduction of XRP-related ETFs as a future catalyst.

XRP has gained 286% since the beginning of the year, significantly outperforming it Bitcoin BTC/USD And Ethereum ETH/USD.

What’s next: Ripple’s rally reached the $2 level for the first time in almost seven years, with a market cap of more than $136 billion.

Ripple’s expansion into stablecoins and cross-border payments, combined with optimism surrounding changes in SEC leadership, has bolstered investor sentiment.

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