Ripple recently won its legal case against the (SEC), restoring investor confidence and alleviating concerns about XRP. With the legal issues resolved, enthusiasm is growing for the launch of an (ETF) for XRP. Additionally, Ripple is working on expanding its global Payment Network, aiming to manage a share of financial SWIFT transfers.

Moreover, XRP is available for viewing tightly through monthly openings, which helps avoid sudden price drops. With the increasing interest in beneficial cryptocurrency projects, XRP is gaining more attention. Ripple's focus on real-world use and its strong partnerships with banks may contribute to an increase in demand for the coin. These positive developments help XRP gain strength in the market and may drive its price up.
Is $5 a realistic target for the price of XRP in the coming months?
Reaching $5 may seem ambitious, but current developments in the market and ecosystem make it more realistic than ever before. The XRP coin has recently surpassed a consolidation pattern that lasted for years, which is a move that often leads to significant price acceleration, especially during major bull runs in the cryptocurrency market. On the other hand, traders appear to be very optimistic about the upcoming price action, which is reflected in the rising price of XRP, gradually approaching the key resistance level.