#XRP

The crypto market is still in a condition of price instability because it is still facing large selling pressure. Meanwhile, crypto investors are also still in a "fear" condition after facing turmoil following the latest economic data showing higher than expected inflation.

I still see several coins that still show strong potential for growth. One of these coins is $XRP. Currently, $XRP is at the level of US$ 2.40, with a market capitalization of US$ 140.47 billion. Some market analysts think that, this year $XRP could reach a market capitalization of US$ 200 billion, this means the price per $XRP could reach around US$ 3.45.

This prediction regarding an increase in market capitalization is also supported by speculation about ETFs, increasing institutional adoption, and the expansion of the decentralized finance (DeFi) ecosystem.

And as we know, currently the investment company CoinShares is submitting an ETF proposal for $XRP to NASDAQ. If this ETF is approved, the impact on crypto exchanges will certainly be huge.

Several analysts from JPMorgan said that the XRP ETF has the potential to attract investment funds of US$ 3 billion to US$ 6 billion in the first year. And in the current development, Ripple's increasing number of financial partnerships in cross-border transactions, makes $XRP increasingly attractive to institutional investors.

Another factor that is no less important is the ongoing legal case between RippleLabs versus the American Securities and Exchange Commission (SEC). Over the years, this legal uncertainty has depressed the value of $XRP on the crypto exchange market.

Many people expect that with the new administration in America being more crypto-friendly, a legal ruling more favorable to RippleLabs will soon arrive. If this really happens, then this could increase market confidence and push the demand for $XRP in the market higher. And of course it will be a strong driving factor for the price of $XRP.