Recently, the Crypto Assets market has once again attracted attention, with XRP standing out particularly. The latest data shows that XRP achieved a rise of 3.57% in the past day, with the price climbing to $2.89. Moreover, XRP has also maintained a rise of 2.35% over the past week, demonstrating strong market momentum.

Behind this wave of rise, multiple factors have played a driving role. Firstly, the market's expectations for the XRP exchange-traded fund (ETF) have heated up, with regulators expected to make relevant decisions in October, which undoubtedly injected a strong dose of confidence into XRP. Secondly, the support from technical aspects and the favor of institutional investors also provided strong backing for XRP's rise.

It is worth mentioning that XRP has recently obtained certification compliant with Islamic law, a move that greatly expands its application scope in the global financial market. At the same time, XRP is seen as a strong competitor to the traditional SWIFT system, and its high efficiency and low cost advantages in cross-border payments are gradually being recognized by the market.

However, market analysts point out that despite XRP's recent strong performance, its current price is still about 20.85% lower than its historical peak. This data indicates that XRP still has room to rise. Interestingly, the rebound in the number of active addresses on the XRP ledger may signal that prices will stabilize. Analysts believe that XRP currently faces a resistance level of $2.88, and once it breaks through, it is expected to continue rising.

The overall market sentiment for XRP is positive, which is closely related to its advantages in the cross-border payment sector. Ripple's continued expansion among financial institutions further solidifies XRP's position in the industry. For investors, the application prospects of XRP in fast, low-cost cross-border payments are particularly attractive.

Nevertheless, investors must remain cautious. The high volatility of the Crypto Assets market requires investors to conduct thorough research before making decisions and to closely follow changes in market sentiment. Although XRP faces some challenges, its technical advantages, increasing adoption rate, and positive expectations surrounding ETFs undoubtedly provide strong support for its future development.

Overall, the recent performance and future prospects of XRP are remarkable. As the global financial system continues to evolve, XRP is expected to play an increasingly important role in the digital asset space. However, while investors follow its potential, they should also remain rational and weigh the risks against the rewards.