XRP (Ripple) has had quite a few interesting developments lately. Here is an updated summary:
📊 Current Status of $XRP
Current price: USD 3.00 per XRP.
24h trading volume: several billion dollars.
Market capitalization: USD 178-180 billion.
Supply (circulating / total): ~ 59.78 billion XRP circulating, maximum of ~100 billion.
🔝 ATH (All Time High) and Relation vs Current Price
The All Time High of XRP was USD 3.84, reached on January 4, 2018.
Right now it is approximately 20-25 % below that historical maximum.
📰 News and Relevant Factors
1️⃣ XRP ETF: there is expectation for the first spot ETF in the U.S. based on XRP which attracts a lot of institutional interest.
2️⃣ Regulation / Case with the SEC: Ripple won an important victory. In particular, the SEC's lawsuit regarding XRP has ended (not all lawsuits, but the most central on public sales has been resolved).
3️⃣ Financial collaborations / tokenization: for example, DBS and Franklin Templeton are working with Ripple to facilitate trading and lending using tokenized money market funds on the XRPL (the XRP ledger).
4️⃣ Technical projections / market sentiment:
Some analysts say that XRP is in a silent build-up phase that could precede another major upward movement.
Other reports show that there are resistances nearby (~USD 3.20) that could temporarily hinder if there is not enough buying momentum.
⚠️ Risks and What to Watch For
Future regulatory movements: although the case with the SEC was resolved, any changes in legislation can have an impact.
Volatility: like many cryptos, XRP can rise significantly, but it can also drop sharply.
Technical resistances: there are price/volume levels that remain obstacles.
Macro factors: interest rates, monetary policies, inflation, etc., that can affect risk aversion/attraction in crypto assets.
