The crypto assets market is once again focusing on XRP, with the current trading price at $3.15 and a total market capitalization of $1890.2 billion. Despite a slight pullback of 3.33% in the past 24 hours, the overall market sentiment remains optimistic. Multiple favourable information factors are driving the potential pump space for XRP.

The most notable event is that Ripple's long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) has finally come to an end. This significant event immediately triggered a 10% jump in the price of XRP, reaching the range of $3.33 to $3.35 at one point. The removal of regulatory uncertainty has undoubtedly injected strong momentum into XRP, with several market analysts providing optimistic expectations.

It is worth noting that some top analysts have made bold predictions about the future trend of XRP. One analyst believes that XRP could see a rise of up to 333% in the next 40 days. Another well-known analyst expects the price of XRP to rise by 60%, setting a target price of $4.47.

From the perspective of market share, XRP also shows breakthrough potential. Currently, the key resistance levels faced by XRP are 5.92%, 8.87%, and 11.61% market share. If it can break through these levels, combined with the overall trend of the Crypto Assets market capitalization expected to reach 10 trillion USD, XRP's market capitalization is likely to enter the "double-digit" level, that is, exceeding 1000 billion USD.

In addition, the release mechanism of Ripple's XRP custody is also worth paying attention to. On the 1st of each month, Ripple releases a certain amount of custodied XRP. In August, 1 billion coins were released, and there is still a large amount of XRP in custody. This regular release mechanism has a continuous impact on market supply.

Despite a slight pullback in the short term, the medium to long-term prospects for XRP are still generally optimistic considering various factors. The removal of regulatory hurdles, analysts' optimistic expectations, potential breakthroughs in market share, and a stable token release mechanism all provide strong support for XRP's future development. Investors and market participants are closely monitoring XRP's subsequent performance, anticipating a more significant role in the Crypto Assets market.