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Ripple's New Report Shows Promise for Blockchain, but XRP Struggles to Overcome Short-Term Hurdles

According to Ripple's 2023 New Value Report, over 90% of finance industry leaders believe that blockchain and digital assets will have a significant impact on business, finance, and society in the next three years.

The report also revealed that 58% of finance industry heads believe that the biggest benefit from blockchain and crypto will be cross-border payments and tokenization.

However, Ripple's legal battle with the SEC remains a drawback to its plans, and XRP has been struggling to recover above $0.50 due to uncertainty regarding the lawsuit. Despite potential upside findings, low buying pressure continues to hold back XRP bulls.

XRP XRP $0.52
+1.55%
Ripple Blockchain XRP
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