Analysts see potential for XRP to surge beyond $30 based on its tight price structure and growing institutional narrative.
XRP has held above $1.90 for over eight months, drawing attention from traders who anticipate a new upward movement.
Ripple, the company behind XRP, is close to settling its legal battle with the SEC and has applied for a national bank charter, positioning itself as a regulated crypto-native bank in the U.S.
XRP's network usage is increasing, with plans to launch a stablecoin and expand its CBDC infrastructure, leading to predictions of rising token utility and potential price increase to $50 in the next cycle.