What the Bullish Signals Tell Us
This potential XRP surge comes amid a favorable crypto environment. As Bitcoin just reached an all-time high of $123,000, investors are regaining confidence in altcoins. XRP is benefiting from this trend and has reclaimed its position on the podium of the largest cryptocurrencies.
Meanwhile, the legal situation also seems to be clarifying. After four years of uncertainty, the parties involved in the legal battle between Ripple and the SEC now appear to be converging toward a definitive agreement.
Furthermore, Ripple is accelerating its development strategy. In July, the company filed for a federal banking license with the OCC in the United States. The goal is to establish a lasting presence in the traditional financial sector.
This renewed confidence is also reflected in the growing appetite of major players for XRP. Eleven asset managers have filed applications for a Spot ETF, while ProShares recently launched leveraged products linked to the token.
Should You Buy XRP Now ?
With potential gains of nearly 60% from current prices, XRP seems well-positioned to set a new all-time record in the coming weeks. Both technical and fundamental signals are green, legitimizing investor optimism.
