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.