XRP surpasses 3 USD: Price surges thanks to favorable regulations and tokenization trend

$XRP has surged in price, exceeding the 3 USD mark on Monday, reaching a six-month high. Investor optimism has increased due to the utility of the asset and the increasingly favorable legal environment.

Potential from tokenization and price forecast

Matt Kreiser from Messari believes XRP could benefit from the trend of tokenizing real-world assets on-chain. XRP Ledger, with its built-in compliance features, could help financial institutions easily tokenize and manage products. The deployment of smart contracts and compatible sidechains $ETH could also drive network adoption.

Standard Chartered forecasts that XRP's price could reach 5.50 USD by the end of this year, thanks to the potential launch of #ETFXRP in the U.S., the acceptance of stablecoins, and the tokenization trend.