Ripple has seen a dramatic increase in the adoption of cross-border remittances. In particular, Japanese banks are all incorporated into their XRP ledgers. With the introduction of clear regulatory rules books into the US, similar patterns can emerge in popular blockchain networks in the US.
US regulations could push XRP to new heights
The US has seen significant changes in its crypto approach over the past few months. President Trump has been very public about his attitude towards the budding industry. Trump says he hopes the US crypto sector will flourish. Ripple can increase adoption when clear regulations are implemented.
Ripple spent years after Fintech Company accused them of selling unregistered securities in 2020. The lawsuit was dropped earlier this year, bringing the company’s path to completion. The SEC currently has Procrypt candidate Paul Atkins on his mind. Many expect Atkins to take a more generous approach to the crypto sector.
If, as Ripple did in Japan, XRP could see a massive surge in adoption in the US. Such a scenario could raise the price of XRP to a new high. XRP is down 36.1% from an all-time high of $3.40. XRP peaked in January 2018, more than seven years ago. New peaks have been waiting for a long time by investors and fans.
Cryptocurrency offers small profits
The cryptocurrency market appears to be recovering slightly. XRP prices have risen 1% on daily charts, 0.9% on weekly charts, 1% on 14-day charts, and 335.8% since June 2024. Assets fell 7.7% in the previous month.
The market faced revision after global geopolitical tensions and uncertainties. Many wanted interest rate cuts from the Federal Reserve. Unfortunately, Federal Reserve Chairman Jerome Powell has decided to change the prices.
