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Ripple’s native token, XRP, is generating significant buzz as a prominent crypto analyst and ardent XRP supporter, known as Crypto Asset Guy, shares an ambitious prediction. With an impressive following of over 31,000 on Twitter, Crypto Asset Guy has caught the attention of crypto enthusiasts with his assertion that XRP could realistically reach $10 in the foreseeable future.
Possible Factors Pushing XRP to $10
- Lawsuit Settlement Spurs Hope for XRP
The long-standing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has cast a shadow over XRP’s performance. Allegations of unregistered security sales have contributed to the token’s volatility, resulting in several exchanges delisting or suspending XRP trading.
However, recent indications suggest the possibility of a resolution. Should a settlement occur, Crypto Asset Guy believes it could act as a catalyst, propelling XRP to a new all-time high of $3.50.
- Relisting on Major U.S. Exchanges
A positive outcome in the legal battle may pave the way for XRP’s relisting on major U.S. exchanges such as Coinbase, Kraken, and Binance US. The reinstatement of trading and restored liquidity would not only reinvigorate the market but also ignite a sense of FOMO (fear of missing out) among investors who have been patiently awaiting XRP’s recovery.
According to Crypto Asset Guy, this factor alone could push XRP toward the $5 mark.
- Ripple’s Potential IPO
Amid the legal turbulence, Ripple’s CEO, Brad Garlinghouse, has expressed the company’s intentions to go public once the legal issues are resolved. The prospect of an initial public offering (IPO) carries significant weight, as it would attract heightened attention, bolster Ripple’s credibility, and potentially attract additional capital and valuable partnerships.
Crypto Asset Guy anticipates that an IPO announcement could drive XRP’s price to $7.
- Expanding Ripple Ecosystem
Ripple continues to make strides in expanding its ecosystem through the adoption and growth of its innovative products and services. With Ripple actively cultivating its network of customers and partners, particularly in Asia and the Middle East, the potential for increased institutional partnerships arises.
Crypto Asset Guy believes that these strategic collaborations, combined with regulatory stability, could propel XRP to reach the impressive milestone of $10.
As of now, XRP is trading at $0.4675, displaying a promising YTD increase of over 35%.
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