Ripple's $15 billion valuation strengthens the bullish case as XRP approaches the support zone

Despite the broader market slump, XRP's price may be poised for another rise, with recent tailwinds stemming from several bullish fundamentals.

Data shows that Ripple is among the most valuable private companies in the world, although other crypto companies are also on the list.

Ripple ranks among the most valuable private companies, as shown by CB Insights

Data from CBInsights shows that Ripple is among the most valuable private companies in the world with a valuation exceeding $15 billion. The platform's startup list places Ripple at 23rd, topped by Elon Musk's SpaceX with a valuation of $350 billion.