$XRP Ripple (XRP) hit Q-2 $3.5.: Could This Cross-Border Crypto Favorite Set a New Price High This Year?
Ripple’s XRP continues to gain traction as a linchpin between traditional financial systems and blockchain-based payment rails. Celebrated for its rapid transactions and low fees, XRP has attracted institutional interest—including from bodies like the United Nations—as a potential framework for compliant global remittance solutions. Additionally, XRP has also represented the whole industry and played a central role in a high-profile legal battle with the U.S. SEC, which saw a turning point in 2023 when a federal judge determined that its retail sales did not fall under securities law. The case concluded definitively this year with the SEC formally withdrawing its lawsuit after more than four years. It was a victory for the whole industry, since if the SEC had won, it could have applied the same logic to various leading cryptocurrencies, effectively banning them. With legal uncertainties cleared, confidence has returned, pushing XRP’s performance ahead of Bitcoin’s over the past year--logging a 367% rise compared to BTC’s 60%. The presence of a bullish flag across its price chart over Q1 means XRP could command a $3.50 price this summer, pending good crypto industry developments. This would surpass its all-time high of $3.40 from January 2018.