According to the external media review, the core issues surrounding the XRP are changing. Over the past few years, the market has generally seen regulatory uncertainty as a major resistance; however, in this article it appears that, as institutional access conditions have gradually improved, the real price-ceiling factor is shifting towards whether demand can continue to be faster than supply.
Institutional access is considered the first phase
The article divides the growth path of the XRP into three phases: “access, push, premium”. The first stage is the ability of institutions to have access to such assets, including regulatory certification, hosting infrastructure, bank access, compliance frameworks and exchange products.
It states that some key nodes have emerged, including an XRP spot ETF asset management breakthrough of $1 billion and increased access to related products. In the author ' s view, while some of the policy matters in the United States have not yet been fully landed, the path of institutions to the XRP market is clearer than in the past.
The next step is to see if the flow of funds is sustainable.
According to the article, the key to the second phase is no longer “can we buy it” but “are there enough money to buy it on a sustainable basis”. If ETF continues to expand, institutional growth increases, and funds rotate from assets such as bitcoin to XRP, prices may enter higher zones when XRP in market circulation is absorbed.
Under this framework, if demand is stronger than supply in the long term, the XRP price or opportunity to enter between $5 and $10. The supply here includes not only natural sales in the market, but also the release of trust, the reduction of the early holder's silo and the additional push of the profit-back.
Use of scenes considered to be a higher valuation basis
It was further noted that investment inflows alone were not sufficient to support higher prices. The expansion of the use of RLUSD, the increase in XRP Ledger settlement activities, the increase in the demand for the enterprise's treasury and the increase in the overall volume of transactions have made it possible to provide a more secure basis for the 10 to 15 dollar zone.
As to the higher target of $15 to $50, the author believes that this would require XRP to obtain a “currency premium” similar to gold or bitcoin. In other words, the market needs to view it as a strategic reserve asset, a global liquidity tool or part of the international financial infrastructure. Citing CoinCodex data, the article states that the current price of XRP is approximately US$ 1.07.
Overall, the review shifted the focus from a regulatory bill to a balance between supply and demand. The core judgement is only one: whether the new purchase will last faster than the XRP released from the market. If the answer is yes, the XRP could go into the next round of a stronger top cycle.