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<p><a href="https://www.cryptopolitan.com/allegations-of-price-manipulation-by-ripple/">XRP</a>, a prominent digital currency within the crypto space, has achieved a significant milestone, with over 5 million wallets now holding close to 60 billion XRP tokens, signaling a notable surge in adoption amidst a buoyant digital asset market.</p> 
<h2 class="wp-block-heading" id="adoption-milestone">Adoption milestone</h2> 
<p>As per data provided by XRPL Services, a leading XRP Ledger explorer, the number of XRP wallets has surpassed the 5 million mark, currently totaling 5,090,851. These wallets collectively hold an impressive sum of 59.87 billion XRP tokens. Moreover, a minimal number of wallets, only 1,595, are reported to have zero balances.</p> 
<h2 class="wp-block-heading" id="legal-clarity-boosts-confidence">Legal clarity boosts confidence</h2> 
<p>This surge in adoption follows a significant legal development in 2023, when a US judge ruled that XRP was not a security when sold to retail investors, albeit with the stipulation that it was considered a security when sold to institutional investors.&nbsp;</p> 
<p>This clarification provided by Judge Analisa Torres has boosted confidence in XRP among investors, contributing to its increasing popularity.</p> 
<p>Despite regulatory challenges and legal uncertainties, XRP has demonstrated resilience in the market. Over the past week, XRP has experienced a 6.7% increase in value, with an impressive 65.9% surge over the past year. However, compared to other tokens, such as Solana (SOL), which soared by 641% in the same timeframe, XRP’s performance appears relatively subdued.</p> 
<h2 class="wp-block-heading" id="anticipated-price-surge">Anticipated price surge</h2> 
<p>Numerous analysts have forecasted a bullish trajectory for <a href="https://xrpl.services/xrpl-statistics" rel="nofollow noopener" target="_blank">XRP</a>, with predictions of a potential price surge soon. Notably, a prominent crypto trader, CoinsKid, has articulated a “blow-off top theory,” suggesting that XRP could skyrocket to $2 by July. Such projections have garnered attention within the crypto community, fueling optimism among XRP enthusiasts.</p> 
<h2 class="wp-block-heading" id="potential-for-xrp-etf">Potential for XRP ETF</h2> 
<p>In addition to price speculation, discussions surrounding the possibility of an XRP exchange-traded fund (ETF) have emerged.<a href="https://www.cryptopolitan.com/ripple-enhances-xrp-stability-locks-800m/"> Ripple</a> CEO Brad Garlinghouse has expressed openness to the concept, emphasizing that an XRP ETF would legitimize the cryptocurrency’s position within traditional finance.&nbsp;</p> 
<p>Garlinghouse’s remarks come after the recent approval of eleven spot Bitcoin ETF applications in the United States, signaling a growing acceptance of digital assets within mainstream financial circles.</p>

XRP surpasses 5M wallets holding nearly 60B tokens amid market rally

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