Ripple continues to grow, surpassing the $3.25 mark after settling its SEC penalty. This article examines legal aspects, RLUSD growth, and XRP forecasts.
Ripple (XRP) Legal Journey
The Ripple lawsuit process is ongoing, but the company has withdrawn its appeal, with expectations that the SEC will follow suit. This could lead to the closure of the case. Although not officially concluded, the matter has effectively been sidelined after Ripple and the SEC reached an agreement, allowing Ripple to focus on development and enhancements to its network.
RLUSD Growth and ETF Developments
Recently, the circulating supply of Ripple USD (RLUSD) exceeded $500 million, with trading volume nearing $1 billion in the last 24 hours. The majority of this volume is sourced from the Bullish platform. Liquidity for RLUSD pairs with BTC, XRP, and others is becoming increasingly active, with major exchanges like Binance, Coinbase, and ByBit starting to add RLUSD support. The ETF approval process for Ripple is also moving forward, with hopes for approval in September, raising the likelihood of success to over 85%.
XRP Coin Price Forecast
According to recent predictions, if XRP closes above $3, a new all-time high of $4.8 may be anticipated. Analyst Martinez expects XRP to rise if it maintains the $3 threshold. Different analysts have various price targets: Dragon sees $8.29, Bureu anticipates $3.4 as a short-term mark, and KubrickShining suggests a near target of $4.95.
With legal issues being resolved for Ripple and active product development, both XRP and RLUSD may continue their upward trajectory. Price forecasts indicate a high potential for this cryptocurrency.
