Recent market analysis indicates that XRP could reach the $3.40 level if support and bullish trends continue. Let's examine the details.
Current Market Analysis of XRP
According to market analyst Lingrid, 'XRP bounced from its rising support after completing a clean two-legged pullback, reclaiming bullish posture near the 2.70–2.80 zone. The consolidation phase is forming higher lows, suggesting accumulation within an ascending structure.' She added that if the trendline holds, XRP could break toward the $3.40 resistance, a decisive move above it may ignite the next bullish leg.
Ripple Ranks Among World’s Top Private Companies
According to recent CB Insights data, San Francisco-based Ripple is now ranked as the 23rd most valuable private company globally, with a valuation of $15 billion. At the top of the list stands Elon Musk’s SpaceX, valued at about $350 billion.
Key Growth Factors for Ripple and XRP
Several key drivers contribute to Ripple's $15 billion valuation: 1. Regulatory clarity from SEC resolution — Ripple exited its long-running legal battle with the SEC after securing a favorable settlement, clarifying that XRP isn’t a security in secondary sales. 2. Robust institutional adoption — Ripple’s technology is now used by global financial institutions seeking faster and more transparent cross-border payments. 3. Global expansion and infrastructure development — Ripple is aggressively expanding through partnerships in the Middle East and Europe.
Ripple's $15 billion valuation on CB Insights’ list marks a watershed moment for not only the company but for blockchain adoption in finance. With clear legal hurdles, growing institutional traction, and an expanding global footprint, Ripple is not just riding the wave of crypto interest but building the infrastructure of tokenized finance for the future.
