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XRP Price Surges 3.6% in 24 Hours: Key Factors Driving Growth and Future Outlook in 2025

XRP Price Surges 3.6% in 24 Hours: Key Factors Driving Growth and Future Outlook in 2025

This upward momentum has contributed to a shift in the broader cryptocurrency market sentiment, with investors becoming cautiously optimistic. The price surge seems to be driven by multiple factors, including the end of a lengthy legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

Ripple’s CEO, Brad Garlinghouse, announced that the long-standing dispute was finally resolved, which has instilled hope in the XRP community. However, the SEC has yet to make an official statement, adding a layer of uncertainty.

XRP’s positive price action has sparked renewed enthusiasm, with many investors anticipating further announcements from Ripple, particularly regarding potential partnerships, the launch of the Ripple USD stablecoin (RLUSD), and a rumored collaboration with the cross-border payments network SWIFT. These developments are fueling speculation that XRP could see more substantial gains in the future.

Looking at XRP’s performance in March, it has historically done well during this month, with an average gain of 19.2% over the last 11 years. However, as of the most recent data, XRP’s price for the month has declined by 4.72%, with the final week of trading still ahead. Despite this, analysts believe that XRP’s upward trend could continue if it follows its usual patterns and might close the month on a positive note.

One notable catalyst for the recent surge in XRP’s price could be the announcement by 21Shares, a prominent cryptocurrency investment firm, of the listing of three new exchange-traded products (ETPs) on Nasdaq Stockholm. Among them is the 21Shares XRP ETP (AXRP), which has garnered attention in the market. The increased demand for crypto investments in the Nordic region is also helping fuel XRP’s rise, with the firm looking to expand its offerings as soon as it receives the necessary legal approvals.

This growing interest in digital assets in Europe, driven by the introduction of the MiCA regulatory framework and the rise of institutional participation, indicates a potential breakthrough year for crypto investments.

Author
Editorial Team

Reporter at Coindoo

Learn more about crypto and blockchain technology.

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