Recently, XRP has attracted widespread attention in the crypto assets market, with its Google search popularity reaching a five-year high. There are several key factors behind this phenomenon that are worth following:

First of all, the lawsuit with the U.S. Securities and Exchange Commission (SEC) may reach a turning point in the third quarter. If a settlement is reached, it could trigger a massive investment activity, and it is reported that there is a substantial amount of funds ready to flow into the over-the-counter (OTC) market.

Secondly, Ripple is accelerating its layout for the cross-border settlement application of Central Bank Digital Currencies (CBDC). The market expects that sovereign funds in the Middle East and Wall Street investors may enter the market on a large scale in the fourth quarter. On-chain data shows that the number of XRP holding addresses grew by 40% in the past six months, reflecting a positive attitude among investors.

From a technical perspective, the weekly chart of XRP shows signs of a breakout after a triangular convergence. If it can break through and stabilize above the key resistance level of 1.2 dollars, it may trigger stronger upward momentum.

However, investors should be cautious about these signals. Although market sentiment is optimistic, the Crypto Assets market has always been highly volatile, with risks and opportunities coexisting. It is advisable for investors to fully understand the relevant risks and conduct in-depth market research before making any investment decisions.