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XRP news today: XRP's Price Rally Potential Boosted by Institutional Adoption and Legal Victory

Coin WorldFriday, May 2, 2025 4:37 pm ET

1min read

John Squire, a prominent crypto influencer, has challenged the notion that XRP, the cryptocurrency associated with Ripple, is a "dead coin." Squire argues that XRP is currently in a phase of accumulation, potentially setting the stage for a significant price rally. He points out that XRP is the only top 10 cryptocurrency that has endured a prolonged legal battle with the U.S. government and emerged victorious. With the conclusion of the case with the Securities and Exchange Commission, Squire believes that XRP is poised for substantial institutional adoption, which could drive its price higher.

Squire's optimism is bolstered by the upcoming launch of cash-settled XRP futures by the cme group, indicating growing institutional interest. He also mentions the recent introduction of a similar product by coinbase, further supporting the idea that major players are taking notice of XRP. Additionally, rumors of a potential XRP trust from blackrock, a leading asset management firm, suggest that Wall Street is quietly positioning itself for XRP's potential rise.

Squire highlights that while many crypto projects chase hype cycles, XRP is focused on the global international payments sector, which is valued at $150 trillion annually. Ripple has previously estimated that this market could reach $300 trillion by 2030. With active payment rails in several countries, including Japan, Singapore, and the UAE, Squire emphasizes that XRP's real-world use cases are already being implemented. He also predicts that spot XRP exchange-traded funds (ETFs) are closer than ever, following the SEC's approval of similar products based on Bitcoin and Ether in 2024.

Despite skepticism and predictions of its downfall, XRP has maintained a steady price above the $2 mark. Squire attributes this to intentional underperformance, suggesting that smart money is accumulating XRP during this period of relative calm. He points to bullish on-chain metrics, such as rising volume and a cooling RSI, as indicators that XRP is gearing up for a parabolic surge. Squire believes that XRP's current state is not driven by hype but by real-world traction and asymmetric risk, positioning it as a potential sleeping giant in the crypto market.

In summary, Squire's analysis paints a picture of XRP as a battle-tested, institutionally aligned, legally resilient, and technologically deployed asset. He argues that the cryptocurrency is silently loading in the background, awaiting its moment to go parabolic. When this sleeping giant awakens, Squire suggests that it could significantly alter the dynamics of the crypto market.

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