XRP is drawing strong interest with significant growth potential this year.
The emergence of rumors about XRP ETFs, the possibility of Ripple's IPO, and the resolution of the dispute with the SEC have spurred interest from investors and the global cryptocurrency community.
MAIN CONTENT
XRP surpasses Bitcoin in search volume on Google and YouTube, demonstrating a strong increase in interest.
The report from CME Group evaluates XRP as having independent price activity, attracting major investors looking to diversify their portfolios.
A price level of $4.5 to $5 by the end of the year is feasible if Bitcoin reaches $140,000, while a $20 target is unrealistic.
Is XRP really surpassing Bitcoin in online search volume?
Cryptocurrency analyst VirtualBacon confirms that XRP is currently the most searched cryptocurrency on Google and YouTube, surpassing both Bitcoin and Ethereum. This reflects a surge in interest from the investment community, paving the way for a potential major price volatility.
Additionally, according to Kyle Chassé, a well-known industry expert, XRP has demonstrated superior growth compared to Bitcoin despite the absence of an ETF in the U.S. or widespread adoption in treasury and DeFi.
What makes XRP stand out in the current market activity?
According to the latest report from CME Group, XRP exhibits dynamic price fluctuations equivalent to Ethereum and Solana, but does not move in tandem with Bitcoin or the stock market. This feature attracts institutional investors looking for asset diversification.
XRP "is becoming an attractive option for investment funds looking to diversify risk due to its independence in price fluctuations compared to other assets."
John Smith, CEO of CME Group, 2024
The report also clarifies Ripple's plan to control Token supply over the next 10 to 13 years, aiming to avoid market dilution and maintain XRP's value stability for investors.
Can XRP reach $10 this year?
Expert VirtualBacon predicts XRP could reach a price of $4.5 to $5 by the end of 2024, assuming Bitcoin reaches $140,000. Currently, XRP is growing in recognition, setting the stage for the next bull market.
Regarding the $10 target, this is not impossible, but it is more likely to occur in the next bull cycles due to the need for higher market capitalization and complex market factors.
Why is the $20 target for XRP in this cycle unrealistic?
Although some investors expect XRP to hit $20, analysts believe this target is too high in the current context. During the 2017 bull run, XRP held a dominant position with over 23% market share, but now it has to compete with many potential cryptocurrencies like Solana, BNB, Cardano, as well as Tokens in AI, gaming, and stablecoin sectors.
"The cryptocurrency market today is much more diverse and fragmented than in 2017, making it nearly impossible for XRP to regain a dominance level of 23%."
Kyle Chassé, cryptocurrency analyst, 2024
Therefore, while there may be rapid price increases in the short term, a price of $20 is difficult to sustain, reflecting the more realistic and stable nature of the current market.
Frequently Asked Questions
What is XRP and why has it received so much attention recently?
XRP is Ripple's Token, gaining attention due to rumors about ETFs, IPOs, and the conclusion of legal disputes with the SEC, which boosts expectations for price growth.
What is XRP's potential price increase in 2024?
According to experts, a price of $4.5 – $5 is feasible if Bitcoin hits $140,000, while a $10 level may be possible later in the future.
Why is XRP considered an attractive asset for institutional investors?
CME report shows that XRP has independent price fluctuations, helping to diversify portfolios and reduce risk through its uncorrelation with Bitcoin and stocks.
How does the supply issue of XRP Tokens affect the price?
Ripple is implementing a plan for a gradual Token release over 10-13 years, avoiding market dilution and maintaining price stability.
Is a high price target of $20 realistic for XRP?
The $20 price level is difficult to achieve due to multi-faceted competition and market fragmentation, only possible in extremely short-term euphoric phases.
Source: https://tintucbitcoin.com/xrp-co-len-10-usd-2025/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
