XRP is currently experiencing a price surge driven by speculation surrounding a potential ETF approval in the United States, with Bloomberg analysts placing the odds of approval at 95%. Despite the excitement, concerns arise from XRP's adoption metrics, as it holds only 2% of the Real World Assets market. After peaking at $3.04, XRP faced resistance and remains flat since August, while the wider altcoin market advanced significantly. Futures demand for XRP has increased, indicating a rise in professional interest, yet the overall market performance raises questions about the sustainability of XRP's rally. The total value locked in the XRP Ledger is just $100 million, suggesting that while an advance to $3.60 may happen, maintaining such momentum seems unlikely without substantial growth in adoption and use cases.

Source đź”—