XRP has returned to trading on several US exchanges after years of being banned.
The price has experienced strong fluctuations and is currently trading around 3.40–3.60 USDT, with attempts to break historical resistances.
Increasing Global Adoption:
Ripple has formed partnerships with over 300 financial institutions worldwide, including banks in Asia, South America, and Africa.
The currency is being used experimentally in some banks as an intermediary for instant currency transfers.
The Future of XRP:
XRP is expected to benefit from the global shift towards financial digitization, especially with the intention of some central banks to integrate Ripple technologies into their transfer systems.
If the legal dispute is fully resolved in favor of Ripple, it could have a significant positive impact on the price and institutional adoption.
Strengths:
Fast transfers.
Very low fees.
Strong institutional support.
Flexible technical infrastructure.
Weaknesses and Risks:
High reliance on Ripple Inc.
Sharp price fluctuations.
The ongoing impact of legal issues on market confidence.
This is not financial advice.