As the ETF theme continues to heat up, coupled with Ripple's (XRP) partial victories in its legal battles, market confidence in XRP is gradually recovering. Despite the price fluctuations being severe, analysts remain optimistic about the future prospects of XRP.

The market leader of Bitget Wallet pointed out that since XRP won a partial victory in a U.S. court in March this year, institutional investors' confidence in XRP has significantly increased. This not only paves the way for ProShares to launch the XRP futures ETF but also reignites market expectations for the XRP spot ETF. He emphasized that the ongoing fermentation of the ETF topic, along with the gradual clarification of the regulatory environment, is driving XRP to regain market momentum. These changes not only enhance market depth but also mark an important step for XRP's legitimacy in the U.S. market.

Driven by multiple favorable factors, XRP briefly broke through the high of $3.60 last Monday. However, it then fell back to $3.29 due to the liquidation of $105 million in long positions, coupled with concerns in the market over co-founder Chris Larsen transferring a large amount of XRP to exchanges. Despite this, several market analysts remain optimistic about the future trend of XRP.

It is worth noting that the price fluctuation of XRP reflects the high uncertainty of the cryptocurrency market. While investors focus on short-term price changes, they should also pay attention to the long-term development prospects and potential application scenarios of the project. With the gradual clarification of the regulatory environment and the increase in institutional participation, XRP may play a more important role in the future of the financial technology sector.

However, investors should also be aware of the risks in the market. The movements of large holders, changes in regulatory policies, and overall market sentiment can all have a significant impact on the price of XRP. When making investment decisions, these factors should be considered comprehensively, and a thorough risk assessment should be conducted.