Why You Should Pay Attention To The XRP Price Predictions
October 03 2023 - 6:00PM
NEWSBTC
Over the last month, a number of XRP price predictions have
dominated crypto headlines. Some of these predictions have been
greatly exaggerated, but there have been some that have come up on
the more realistic side. Whether or not these XRP price predictions
have been probable, there are some merits to actually paying
attention to them. XRP Price Predictions Signaling Investor Outlook
Price predictions are not new to crypto and they can often be a way
to gauge how investors, especially traders are looking at a
cryptocurrency. In recent times, the focus has mainly been on the
XRP price, and with most of the predictions being bullish, it
indicates widespread bullishness across the community. Related
Reading: Brace For Impact As $200 Million In Crypto Is Being
Unlocked In October A good portion of this bullishness can be
attributed to Ripple’s win over the US Securities and Exchange
Commission (SEC) back in July. Following the ruling, the price of
XRP jumped over 60%, reaching its highest point in a month. Even
though the US SEC has contested Judge Analisa Torres’s ruling and
filed an interlocutory appeal, it has not eliminated the long-term
bullish outlook for the XRP price. This is because multiple legal
experts have talked about the SEC’s interlocutory filing and the
consensus has mainly been a low chance of success. Additionally, if
Ripple were to emerge victorious in the interlocutory appeal as
well, it would cement XRP’s status as a non-security. This would
bolster the already renewed fate and signal the entrance of more
institutional investors into the asset. XRP regains footing at $0.5
| Source: XRPUSD On Tradingview.com Looking At Some XRP Predictions
Some XRP price predictions have been more realistic than others and
those take precedence in this report. One of those is the 1,100%
surge predicted by crypto analyst Dark Defender, who put the
altcoin’s price at $5.85 in a couple of years. However, one analyst
believes that the XRP price could rise as high as $25 following a
5,000% surge. While another analyst Oaksacorn put forward one of
the most bullish predictions of XRP rising to reach the $250 level.
Related Reading: LINK Price Primed For Meteoric Rise: Analyst
Predicts 130% Rally To $18 For Wells Fargo Manager Shannon Thorp,
XRP is primed for even greater heights. Thorp points to Ripple’s
rising prominence in the cross-border payments sector and as the
sector is expected to reach $250 trillion, she believes this could
drive the XRP price to $500. All of these forecasts have varying
timeframes for when the analysts expect them to play out. However,
one thing they have in common is general bullishness toward the XRP
price, especially when put into the perspective of long-term
performance. Follow Best Owie on X (formerly Twitter) for market
insights, updates, and the occasional funny tweet… Featured image
from CoinMarketCap, chart from TradingView.com
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