XRP: It depends on these brands
The cryptocurrency XRP currently attracts considerable attention to the market. With a current price of $ 2.26, the digital currency is shown in a decisive phase. Analysts speak of a possible turning point that harbors the potential for massive price gains.
The technical analysis reveals a fascinating pattern: XRP may be about to be critical after the 200-day line and downward trend have met around $ 2.35. If XRP could create the break at this level and hold at least three trading days, a stronger upward moment would be very likely.
Institutional acceptance achieves a new level
An important milestone for XRP is the planned admission to the Nasdaq Crypto US settlement Price Index. This development signals growing acceptance of cryptocurrency in established financial circles. In addition to Bitcoin and Ethereum, XRP would be one of the selected digital assets listed by the renowned stock exchange.
The NASDAQ integration opens new doors for institutional and private investors alike. Although no direct ETF investments are initially possible, this step creates important prerequisites for future regulatory permits. Market observers see this a possible turning point for large old coins on the US financial market.
Asian expansion drives adoption ahead
In parallel to the US development, Ripple significantly increases its presence in Asia. The strategic partnership with Japan's Web3 Salon, supported by influential organizations such as Jetro, underlines expansion striving. With funding of up to $ 200,000, Ripple supports startups in development on the XRP Ledger.
This initiative is part of a more comprehensive regional fund of one billion XRP. It is estimated that around 80 percent of Japanese banks could use XRP by the end of 2025. This growing acceptance in one of the most crypto-friendly markets of Asia could significantly influence long-term price development.
