This month, the SEC granted Ripple an extension for three ETFs, allowing the company to focus on the development of the XRP Ledger ecosystem and enhancing payment infrastructure.
Current Status of Ripple
The SEC lifted restrictions on Ripple's institutional securities sales, allowing the company to generate liquidity. Notably, major lawsuits were concluded in March, but the sales prohibition remained a long-term challenge. Now Ripple can conduct such transactions without restrictions.
XRP Coin Stocks and Their Prospects
XRP Coin maintains a competitive level amid a general market decline. Should a further drop occur, XRP may find support in the $2.75-$2.67 range. Key resistance levels for growth include $3.1, $3.33, and $3.55-$3.6.
Forecasts and Expected Changes
Martinez predicts that XRP could reach peaks between $3.9 and $5, contingent upon ETF approvals and other favorable economic factors. If these factors materialize, the indicated targets may become attainable.
The lifting of restrictions by the SEC has created new opportunities for Ripple and its ecosystem, paving the way for improvements in payment infrastructure and steady growth of XRP Coin.
