XRP News Today: XRP Legal Case Settled Boosting Price Outlook to $10

XRP is experiencing a dramatic shift in market dynamics as a result of recent legal developments and rising institutional interest. The long-standing legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple has officially concluded, with both parties withdrawing their appeals. This finality, supported by Judge Analisa Torres’s earlier ruling, grants XRP full regulatory clarity in the United States, marking a pivotal moment for the cryptocurrency [1]. Analyst Smart Degen has highlighted this as a potential catalyst for a significant price surge, suggesting XRP could soon reach $10 [1].

The impact of the legal settlement has already been felt in international trading volumes. South Korean exchange Upbit reported processing 1.09 billion XRP in a 24-hour period, accounting for 40% of the country’s total cryptocurrency trading volume. This surge reflects strong retail demand, particularly among Korean traders, who have shown a dominant presence in XRP trading activity [1].

Market projections have grown increasingly bullish. At the current price of $3.00, XRP commands a market capitalization of $138 billion. According to Smart Degen, a move to $10 would bring the market cap to approximately $460 billion—drawing comparisons to Ethereum’s valuation of $550 billion in 2021. The analyst attributes this potential to XRP’s regulatory clarity, its utility in cross-border payments, and the likelihood of an exchange-traded fund (ETF) approval [1].

Institutional interest appears to be accelerating, with Franklin Templeton reportedly applying for an XRP ETF, which analysts estimate has a 78% chance of approval. Fidelity and VanEck are also reportedly preparing to enter the XRP ETF market. The anticipated launch of such products is expected to unlock the $150 trillion international cross-border payments market, further boosting demand for XRP [1].

Smart Degen, who acquired XRP at $0.40 during the recent market downturn, has expressed confidence in the asset’s long-term potential. He has indicated plans to take partial profits if XRP reaches $10 but intends to retain a portion of his holdings for potential gains beyond $25, should ETF-driven momentum continue [1].

With the legal case now settled and institutional participation increasing, XRP has become the first major cryptocurrency in the U.S. to achieve complete regulatory certainty. This status is expected to bolster its standing in the payments sector and create conditions for further price growth, assuming market dynamics align with analyst forecasts [1].

Source: [1] XRP to $10 Incoming – What Just Happened Will Shock the Whole Market: Pundit (https://coinmarketcap.com/community/articles/689861e2d2aecc707a2ad7a4/)