XRP Set to Explode: Institutional Interest, Real-World Utility, and Treasury Demand Align

With three key reasons driving it, XRP is now clearly showing symptoms of an impending breakout. These include growing use as a corporate treasury asset, spreading practical use in international payments, and growing institutional interest in a spot ETF.

Despite the fact that the coin is trading in a consistent range, analysts are beginning to adopt this multifaceted positive view of XRP. XRP is now trading around $2.23, give or take, with a market value of $131.4 billion, but a closer examination reveals a number of significant events that are about to happen.

1. XRP Spot ETF Buzz Grows as Franklin Templeton Awaits SEC Verdict

The possibility of a spot XRP ETF being approved in the US is generating excitement. Interestingly, the US Securities and Exchange Commission (SEC) is scheduled to make its ruling regarding Franklin Templeton’s XRP spot ETF application on June 17. According to prediction website Polymarket, there is an 87% chance that an XRP ETF will be approved in 2025.

One of the first Bitcoin ETF applications was submitted by Franklin Templeton, which oversees more than $1.5 trillion in assets, through the CBOE BZX market. XRP’s chances have been strengthened by the recent ETF approvals made possible by the same exchange.

2. XRP Gains Momentum as Institutions Announce Massive Treasury Allocations

At the corporate treasury level, institutional interest in XRP is increasing in tandem with the ETF narrative. Institutions are becoming more interested in XRP than ETFs. Based on Strategy’s Bitcoin strategy, Weebis, a Chinese AI mobility company that is listed on the NASDAQ, has announced a $300 million XRP reserve. Additionally, Hyperscale Data, a US-based company, plans to invest $10 million in XRP.

3. XRP Powers Global Payments: Approved in UAE, Integrated with MoneyGram & Tranglo

The XRP Ledger’s growing practical usefulness serves as the foundation for everything. Real-time international payments are now powered by XRP via partners like MoneyGram and Tranglo. Since Ripple’s investment in 2021, Tranglo has witnessed a 1,729% increase in SME transactions.

XRP has received significant regulatory clearances, which strengthens the compelling story. XRP is now the only digital currency in the United Arab Emirates that has been authorized by the Dubai Financial Services Authority (DFSA) for usage in international money transfers. To add DeFi functionality to the XRP Ledger, Ripple also intends to introduce an Ethereum-compatible sidechain.

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