$XRP has surged to $3.40, potentially marking a resurgence since its 2018 all-time high of $3.84. This surge may be driven by Ripple's recent legal clarity with the SEC and the anticipated Grayscale ETF approval on July 1, 2025. With strong buy signals, the market capitalization of $XRP could reach $250 billion. However, the extent of institutional buying remains uncertain. Additionally, Ripple's new custody infrastructure for tokenized assets is expected to further fuel this rally.