Lands in position 99! What does it mean for your wallet that XRP is on the list of the largest assets in the world? 💰
What a start to the week, my people! Out of nowhere, XRP is now among the 100 heaviest assets in the world by market capitalization. Imagine, it's like having a VIP seat at the big table alongside real giants. This move is no coincidence, and the key is that its price has touched the psychological barrier of $3 dollars again. 🔥
XRP's return to the top 100 is a powerful signal. With a market cap exceeding $180 billion, it stands alongside huge companies like CATL and is in reach of Deutsche Telekom. In the crypto world, only Bitcoin and Ethereum share this podium, placing XRP in a super exclusive league.
But why this surge? Here comes the juicy part:
The "Powell Effect": Federal Reserve Chairman Jerome Powell mentioned in Jackson Hole that the Fed might lower interest rates. Result? The market, which was struggling, breathed a sigh of relief, and XRP skyrocketed.
The End of Legal Drama: The lawsuit against Ripple by the SEC (Securities and Exchange Commission) of the United States seems to be coming to an end, following the dismissal of the case. This big news lifts a huge weight off its shoulders and gives investors the confidence they were desperately seeking.
Now, analysts are seeing numbers that excite. It’s said that XRP could go straight to $3.21, a resistance level that, according to experts, won’t stop this party. The idea is that the bullish trend is so strong that it might just take a brief pause before continuing to rise.
Besides the numbers, there are factors that are pushing it with tremendous force:
Signs of a breakout: An expert says that the relationship between XRP and Bitcoin is about to break an 8-year downtrend. That’s like breaking a curse! 🪄
The future is now: Spot ETFs for XRP are coming, new partnerships with heavyweights, and important updates for its network (XRPL).
Real adoption: Legal expert Bill Morgan reminds us that despite all the setbacks, the market continues to value XRP. More and more institutions and banks are seeing its potential, using it for their finances, which gives it serious backing.
So, while others are left watching, XRP is demonstrating that it has the grit to withstand pressure and not only that, but to fight again in the big leagues. The question is: is this just the beginning of a new era for XRP or merely a flash in the dark? 🔮$XRP
