As Standard Chartered Bank and analysts predict XRP prices could reach a historic high of nearly $8, market optimism for XRP is heating up. Clarification of the regulatory outlook, ETF capital inflows, and the expanding use of stablecoins have all driven the rise in XRP prices. Analyst Sam Daodu specifically pointed out that the progress of the CLARITY Act and Ripple obtaining new trust bank approvals are catalysts that could unlock institutional demand. Currently, seven US spot XRP ETFs have locked in supply, and Ripple's RLUSD stablecoin is also growing. Continued demand could push XRP prices into the $8-10 range.
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As Standard Chartered Bank and analysts predict XRP prices could reach a historic high of nearly $8, market optimism for XRP is heating up. Clarification of the regulatory outlook, ETF capital inflows, and the expanding use of stablecoins have all driven the rise in XRP prices. Analyst Sam Daodu specifically pointed out that the progress of the CLARITY Act and Ripple obtaining new trust bank approvals are catalysts that could unlock institutional demand. Currently, seven US spot XRP ETFs have locked in supply, and Ripple's RLUSD stablecoin is also growing. Continued demand could push XRP prices into the $8-10 range.