Analyst Zach Rector has presented a very optimistic forecast for the price of $XRP , suggesting it could exceed $7 due to an influx of $5 billion through ETFs.
Key points:
- Interest rate cuts by the Federal Reserve (expected as early as September) could increase liquidity in the markets, benefiting cryptocurrencies like XRP.
- XRP ETFs are expected to receive approval from the SEC by October. The example of the Ethereum ETF, which attracted $5.4 billion in July, raises hopes for a similar impact on XRP.
- According to Rector, a similar influx for XRP could increase the market capitalization by $250 billion, pushing the price above $7, with a gain of 138%.
Rector considers this a conservative estimate and predicts that the price of XRP could even reach $10–$20 within a year of the ETF launches.
- An additional catalyst is the impending conclusion of the lawsuit between the SEC and Ripple, expected by mid-August, which could increase optimism among investors.
In summary, Rector sees a combination of favorable macroeconomic conditions, ETF approval, and legal resolution as factors that could push $XRP to new highs.
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