XRP is showing steady growth, attracting the attention of major financial institutions and analysts.
Overview of XRP Market
XRP is currently trading at $2.43, reflecting a 6.31% gain in the past day, according to CoinMarketCap data. Notably, the digital asset has moved above the 20-day EMA at $2.36.
Institutional Interest in XRP
Major financial institutions such as BNY Mellon and Goldman Sachs have shown increased interest in cryptocurrencies, mentioning them for the first time under U.S. President Donald Trump's administration. BNY Mellon expanded its relationship with stablecoin company Circle, and Goldman Sachs acknowledged cryptocurrencies in its annual shareholder letter.
Projections and Expectations for XRP
According to crypto analyst Tony Edward, XRP could potentially soar to the $15 price tag, a potential 500% surge from current prices. He also highlighted increased institutional interest in digital assets.
Institutional interest and positive market sentiment continue to support XRP's price, making it a key asset to watch in the near future.
