Reasons for the Rise of $XRP and Will the Rise Continue
- Organizational Clarity
- The lawsuit between **Ripple** and the U.S. Securities and Exchange Commission (SEC) has concluded, and it has been announced that $XRP is not a security, opening the door for extensive institutional collaborations without legal risks.
- This clarity has encouraged banks and financial institutions to adopt Ripple's technology for cross-border transfers.
- Strategic Acquisitions
- Ripple has acquired financial companies like Hidden Road (which deals with $10 billion daily), enhancing the likelihood of integrating its network with XRP Ledger to increase demand for the currency.
- Plans are also being discussed to acquire Circle, the issuer of stablecoins, which could enhance the use of XRP in the traditional financial system.
- Price Forecasts for $XRP in the Coming Days
- Forbes and The Crypto Basic analyses indicate that XRP could reach $5 if it becomes the second-largest cryptocurrency by market cap, with a growth of 111% from its current price.
- Some experts like Edoardo Farina expect higher levels ranging from $10 to $100 by the end of 2025, depending on institutional adoption and increased demand through exchange-traded funds (ETFs).
Disclaimer:
All posts are personal opinions and not financial advice.