XRP has reached a new all-time high, surpassing its previous record set seven years ago at $3.40. Currently trading at approximately $3.41, XRP has seen a remarkable 36% increase over the past week. The surge has propelled it ahead of Tether’s USDT, positioning XRP as the third-largest cryptocurrency by market capitalization, with a total value exceeding $200 billion. The coin’s price rise reflects broader trends in the cryptocurrency market, particularly among altcoins, despite facing regulatory challenges which have since eased. Ripple, the company behind XRP, has successfully onboarded various financial institutions to its XRP Ledger, enhancing the utility of the digital asset for cross-border payments. Financial analysts express confidence that the introduction of a spot XRP ETF could further elevate demand for the asset, with projections estimating a potential price target of $5.50 by year-end and expectations of reaching $12.25 over the next decade. The conclusion of Ripple's lengthy legal battle with the SEC is expected to bolster investor confidence and market participation for XRP moving forward.

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