XRP, the token from Ripple, recently became one of the largest gainers after the US elections, though its upward momentum has eased in Q1 2025. Analyst John Squire comments on the current status of the asset and its future.
What is Happening with XRP?
Analyst John Squire pointed out that for the past decade, Ripple has been striving to enhance the adoption of its product, RippleNet, which is now used in over 55 countries. Additionally, according to Squire, XRP should not be viewed as a 'new hype coin' given that the project has been developing long before many influencers noticed.
Long Battle with SEC
Squire also addressed the prolonged battle between Ripple and the US Securities and Exchange Commission (SEC), which lasted over four years. Although the SEC has yet to officially confirm the closure of the case, Ripple's CEO announced positive results. 'XRP is the only top 10 coin to fight the US government and survive,' the analyst noted.
Growth Prospects for XRP
Discussing growth prospects, Squire emphasized the upcoming launch of an XRP futures product by CME in May 2025 and the ten applications currently at the SEC for consideration. Despite recent delays in decision-making, experts believe XRP will soon follow the lead of ETH and BTC. 'Institutional money is knocking at the door. Big capital is getting ready to enter,' he added.
Considering the current events and long-term prospects, XRP remains in the spotlight, and analysts anticipate that the asset could see significant growth.
