Growth Potential Identified for XRP in Current Market Cycle

While the market focuses on the potential approval of a spot Bitcoin ETF, XRP's price has yet to mirror the growth seen in Bitcoin.

Growth Potential Identified For Xrp In Current Market Cycle_65b974a1cd2d0.webp

Amidst the heightened volatility in Bitcoin (BTC) prices, XRP is charting a distinctive course in the current market cycle, primarily shaped by the anticipation surrounding the potential approval of a spot Bitcoin ETF in the United States. In contrast to Bitcoin’s robust 13% surge in the past 30 days, XRP has exhibited more modest growth, hovering just below 1% during the same period.

Crypto analyst and influencer Lark Davis acknowledges the competitive landscape XRP faces, particularly from other altcoins and stablecoins that boast swifter and more accessible transactions. Despite these challenges, Davis expresses optimism about XRP’s potential, attributing it to Ripple Labs’ ability to introduce innovative features and forge strategic partnerships to enhance the token’s competitiveness.

growth potential identified for xrp in current market cycle 65b974a1d00b3

Davis underscores the favorable elements contributing to XRP’s outlook, including its recent legal victory in the Ripple lawsuit and its steadfast position within the top 10 cryptocurrencies by market capitalization, despite ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC) since December 2020.

In a noteworthy development, the Central Bank of Ireland (CBI) has added Ripple to its roster of registered Virtual Asset Service Providers (VASPs), granting the company the authority to offer a spectrum of digital asset services within the country.

Related: Positive Price Prospects for XRP in 2024

AZC News’s earlier report highlights Ripple’s executive chairman Chris Larsen and CEO Brad Garlinghouse as prominent XRP holders, both receiving relief from the SEC lawsuit in October 2023 when the agency withdrew charges initially filed against them as part of the ongoing legal proceedings.

(100 votes)

5.0/5

(100 votes)

Latest

Bio Soars 58% After Upbit Listing, Desci Tokens Make A Powerful Comeback

News | Altcoin | Editor Choice

BIO Soars 58% After Upbit Listing, DeSci Tokens Make a Powerful Comeback

South Korea’s crypto market just witnessed a major explosion as Upbit, the country’s largest exchange by trading volume, announced the listing of BIO Protocol’s native token, BIO. Following the news, the altcoin skyrocketed over 58%, while its trading volume surged by more than 500% within hours.

Ripple Chairman Accused Of Dumping 50m Xrp On Retail Investors

News | Altcoin | Editor Choice

Ripple Chairman Accused of Dumping 50M XRP on Retail Investors

The XRP community is in turmoil after a new claim by CryptoQuant analyst Maartunn alleged that Ripple Chairman Chris Larsen sold off 50 million XRP, “dumping” on retail investors. However, industry experts quickly pushed back, clarifying that the transaction was not a sell-off as speculated.

Chainlink Whales Accumulate $15 Million, Is Link Poised For A Breakout

News | Altcoin | Editor Choice

Chainlink Whales Accumulate $15 Million, Is LINK Poised for a Breakout?

The market is buzzing as major investors quietly scoop up millions of dollars’ worth of Chainlink (LINK) — a signal that a powerful breakout could be on the horizon.

Bitcoin Heads Into November With Two Pivotal Catalysts

News | Bitcoin | Editor Choice

Bitcoin Heads Into November with Two Pivotal Catalysts

Bitcoin enters November amid unpredictable volatility, as the upcoming CPI report and FOMC meeting could become the decisive catalysts shaping its price trend in Q4.

18 Wallets Dump 890 Million Tokens, Astra Nova Crashes 65%

News | Altcoin | Editor Choice

18 Wallets Dump 890 Million Tokens, Astra Nova Crashes 65%

After 18 wallets suddenly dumped 890 million RVV tokens worth over $10.6 million, the Astra Nova team was forced to launch an emergency token buyback program to calm the community.

Screenshot 2025 10 20 091338