Analysis shows that XRP has achieved remarkable results following the final resolution of its case with the SEC, confidently entering the elite of global assets.
Impact of SEC Case Resolution
The long-awaited resolution of the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has greatly influenced XRP's outlook. This month, both parties agreed to withdraw their appeals, ending a four-year case. Now, with full regulatory clarity, XRP has become more appealing to investors and institutions.
Market Snapshot and Price Performance
According to current market data, XRP is trading at $3.01 with a market capitalization of $179.16 billion. The fully diluted valuation (FDV) is approximately $301.21 billion, with a circulating supply of 59.48 billion XRP. In the last 24 hours, trading volume reached $3.6 billion, a 64% drop from the previous day.
Rising Institutional and Market Support
Market observations indicate that renewed demand from large holders has strengthened XRP’s valuation. The token is also integral to cross-border payment solutions. Recently, Gemini launched a Mastercard service utilizing XRP, highlighting growing institutional interest.
Surpassing a $180 billion valuation not only positions XRP among the leading assets globally but also emphasizes the increasing significance of digital assets in traditional markets. With regulatory clarity secured and support from major investors, XRP is well-positioned for further growth.
