XRP is gaining traction for cross-border payments due to its predictable costs and ability to handle up to 1,500 transactions per second.
Ripple's XRP is being adopted by financial institutions, banks, and remittance companies, driven by its technological advancements and the need for easier cross-border payments.
Institutions are attracted to XRP due to its low trading charges, efficient network design without mining incentives, quick transaction processing, deflationary nature, and capability to handle large transactions without delays.
The approval odds for the Franklin Templeton's spot XRP ETF in 2025 are optimistic at 83%, with a predicted inflow of $4-8 billion in the first year post-launch, largely driven by institutional investors.