$XRP Price To $1,000: Analyst Reveals Target For When Banks Start Using XRP
XRP is currently finding it hard to close above $2.20 on the daily timeframe, which caused it to close its most recent weekly candlestick just below this level. Although the technicals show some sort of resistance at this zone, XRP fundamentals are still positive, and the cryptocurrency is on track for high valuations.
XRP’s bullish fundamental is tied to its position as a bridge between crypto and global banking infrastructure. As noted by a crypto analyst, this is the prime factor that will send the cryptocurrency trading at massive levels.
Analyst Says The Real XRP Rally Begins When Banks Fully Adopt It
Even though XRP is currently battling some sort of resistance, this altcoin has rallied massively from its price point at the same time last year. Despite the fact that it is currently down by about 34% from its January high of $3.3, XRP is still up by about 311% in a one year timeframe. However, you could easily argue that the best rally is yet to come for the XRP price.
The Altcoin Price To $1,000 Once Banks Adopt It
As noted by BarriC, we will know when banks start using XRP because of the insane price per XRP. Once banks start using XRP, we will see prices like $100, $500, $1,000 per XRP. This would be insane, considering the current price of XRP.
