The price of the cryptocurrency XRP is rising due to a combination of fundamental, technical, and market factors. Here are the main reasons:
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🔑 Key Growth Factors for XRP
1. Positive Regulatory Changes
SEC Chair Paul Atkins announced the cessation of selective enforcement practices regarding cryptocurrencies, contributing to increased investor confidence in XRP.
2. Launch of XRP Futures
CME Group plans to launch futures contracts for XRP on May 19, 2025, indicating growing institutional interest in this asset.
3. Completion of the Lawsuit with the SEC
Ripple has completed the lawsuit with the SEC, which removed legal uncertainty and positively influenced the price of XRP.
4. Positive Geopolitical News
Agreements between the USA and China, as well as between the USA and the UK, have contributed to overall optimism in the cryptocurrency market, including XRP.
5. Technical Factors
XRP has broken through a long-term descending wedge and reached a key resistance level between $2.52 and $2.73, indicating a potential continuation of the upward trend.
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📊 Current Situation
As of May 13, 2025, XRP is trading around $2.44 after reaching a peak of $2.65. This decline may be related to profit-taking by investors after a recent rise.
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🔭 Future Predictions
Standard Chartered predicts that by the end of 2025, the price of XRP could reach $5.50, considering a favorable regulatory environment and political changes.
