Over the past week, XRP has demonstrated significant growth, attracting interest from investors and analysts. Its market capitalization has increased by over $40 billion.
Growth of XRP Market Capitalization
XRP's price reached $3.49, the highest level seen in years. This creates a framework for new records and heightened interest in the asset.
AI Predictions and Institutional Interest
OpenAI's AI model, ChatGPT, predicted that XRP's price could range between $5 and $7 by the end of the year, assuming the current upward trend continues. This is related to capital rotating from Bitcoin into major altcoins like XRP. The recent approval of ProShares' XRP Futures ETF has reignited institutional investor interest in the asset. Currently, there are 11 pending XRP ETF applications, which may be approved by the end of 2025.
Positive Changes in the Legal Environment
The legal situation for Ripple is improving. The passage of the Genesis Act in the U.S. has provided more clarity on stablecoin regulations and may reduce legal uncertainty surrounding digital assets. Additionally, there are signs that Ripple's legal battle with the SEC may be winding down, boosting investor confidence.
With positive market trends, AI forecasts, and accumulation by large holders, XRP's growth seems to be more than a temporary blip. It could signify the beginning of a new era for the token.
