XRP is trading at $2.37 per coin at the time of press, having emerged as a key player in the cryptocurrency market. XRP ranks fourth with a market capitalization of $136.3 billion. For XRP to surpass Ethereum’s market capitalization, it needs to exceed $4.36 per token, an increase of 83.4%.

The recent growth, positive trends, and court victory for Ripple have brought this coin closer to competing with Ethereum, the second-largest cryptocurrency with a market valuation of $436.301 billion and a price of $3,621.87.

The current price of XRP has increased by nearly 500% in recent months due to the impact of the court victory in the Ripple vs SEC lawsuit. The ruling determined that XRP is not a security, marking a win for Ripple. This contributes to the growing confidence among investors and institutions.

This legal certainty has boosted the use of XRP and created opportunities for potential markets. The utility and partner support for XRP are due to Ripple’s relentless efforts, but the price is still below the record price of $3.30 set in 2018.

The Role of ETFs and Regulatory Amendments

Market participants can closely monitor the developments of cryptocurrency in the current debates regarding regulations. The shift towards exchange-traded funds supported by XRP has also become popular and is expected to bring new investment and liquidity opportunities.

The upcoming political changes in the United States may affect cryptocurrencies and provide more clarity on digital currencies, including Ripple’s XRP. The optimism that investors are showing in the market underscores that such changes could impact the market performance of XRP.

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