XRP Hits Multi-Year Highs Amid Legal, ETF Buzz

XRP recently surged to multi-year highs above $3.60 before retracing to around $3.10 amid large sell-offs attributed to co-founder Chris Larsen and broader market jitters. Technical analysts continue to identify bullish formations, with price targets ranging from $5 to $15, driven by growing institutional interest and adoption of XRP as a reserve asset by firms like Nature’s Miracle. Renewed market optimism follows Ripple’s partial legal victory and speculation about a potential XRP spot ETF, which has attracted further institutional accumulation. Tokenization of real-world assets on the XRP Ledger is accelerating, helping XRP’s market cap surpass major global companies. Analysts note that volume spikes and consistent higher lows indicate robust institutional demand, while cautioning about risks from insider sales and future regulatory decisions. Overall, XRP’s fundamentals and market structure are considered increasingly favorable if key support levels hold.