XRP Set To Smash All-Time High As Catalysts Align, Analyst Says
XRP has shown resilience, maintaining its structure while the broader market declined. As of Wednesday, XRP was priced at $3.08, up 27% for the week, with daily trading volumes exceeding $8.5 billion. Key catalysts for XRP's price movement include the passing of the GENIUS Act, which supports federal stablecoin regulations, and Ripple's strategic positioning with its RLUSD and plans for a US national bank charter. The near-resolution of Ripple's legal issues, including a significant court ruling, has also contributed to market optimism. Additionally, the acceleration of ETF filings and Ripple's plans for acquisitions further indicate a positive outlook for XRP. The convergence of regulatory clarity and institutional interest may drive XRP toward its previous all-time high of $3.84. At press time, XRP was trading at $3.14.
