Ripple’s XRP token has had quite a ride in 2025. The asset began the year by climbing beyond the $3 mark, a feat achieved after a seven-year gap. XRP then hit a new all-time high of $3.65 on July 18. Further bullish news developed earlier this month when the SEC finally closed its lawsuit against the fintech company. With all barriers out of the way, XRP could be moving towards a $1 trillion market cap. Let’s discuss why.

Is XRP The Next Trillion-Dollar Cryptocurrency?

Ripple’s XRP has had its fair share of downturns. The fintech company was sued by the SEC in December 2020 for allegedly selling unregistered securities. The lawsuit presented substantial challenges to XRP’s price. The asset struggled to gain momentum even during bull markets. In 2021, while other assets were hitting all-time highs, XRP was struggling to generate steam. Investors were cautious about putting their money in a disputed asset. With the lawsuit out of the way, investors are likely more confident than ever in XRP.

Another bullish development that could highly boost XRP’s price is the possibility of an ETF approval. There are a few spot XRP ETFs awaiting approval at the SEC. The SEC is now helmed by the pro-crypto candidate, Paul Atkins. There is a high chance that Atkins will approve one, if not all, XRP ETFs. An ETF approval will likely lead to a surge in institutional inflows for the asset. Institutional money has been key in the 2025 market run. Bitcoin (BTC) and Ethereum (ETH) have seen incredible price increases since their ETF debuts. A similar pattern may emerge for XRP as well.

Also Read: Nasdaq’s VivoPower Taps Crypto.com for Institutional XRP Custody

Ripple may also see a spike in adoption among US banks after the GENIUS stablecoin Act. The fintech company has seen incredible adoption in Japan. We could see a similar trend emerge in the US.

The above-mentioned trends could lead to a massive price spike for XRP. The project could become the next trillion-dollar cryptocurrency project under such circumstances.