Here’s What Could Cause Ripple (XRP) Price Rise This Year (Not Just SEC Case)

[Eamon]

Here’s What Could Cause ripple (XRP) Price Rise This Year (Not just SEC Case)


TL;DR

• Financial expert Linda P. Jones discusses Ripple‘s XRP and advises investors to be patient with upcoming events.
• Factors affecting the value of XRP include Ripple’s company developments, industry regulations and market dynamics.
• Various analysts offer various bullish and bearish predictions for the future price of XRP.

Ripple (XRP) Will Be Fueled by These Factors


Author, asset advisor, and speaker Linda P. Jones recently touched on Ripple’s XRP and its chances of recovery in the near future. She noted that its recent performance has not been that impressive, but urged investors to be patient and wait for certain events that could have a significant impact on the asset.

Jones argument The most important factor is Ripple v. SEC case. Like CryptoPotato As previously reported, litigation between the two parties is currently ongoing planned For April 23, 2024. Ripple appears to have the upper hand after notching three major (but partial) wins last year.

The financial expert added that a potential Ripple IPO could also affect the price of XRP. But he warned that this could not happen until a final agreement is reached between the company and America’s securities regulator.

Enforcement of comprehensive rules in the crypto industry was stated as the third essential element. According to him, the regulation may come into force in 2025, but the price of XRP may react beforehand. Jones made an interesting prediction, claiming that 2024 will be the last year memecoins can boom as legislation could negatively impact them:

“This will be the last year memecoins explode. XRP is not a memecoin, but there is a lot of speculation about memecoins right now. And some people said that this is the last year for this kind of speculation about memecoins that are not really useful because next year we will pass a law that will make coins useful.

Increasing institutional adoption and the upcoming Bitcoin halving are claimed to be the last two factors that could increase the value of XRP in the coming months. The second is an event that cuts miners’ rewards in half and is expected to happen in April. Those who want to learn more about the halving can check out our video below:


A decrease in supply can then cause the price for Bitcoin to appreciate if demand remains the same or increases. Historically, many altcoins have followed BTC’s uptrend multiple times, which means XRP could also be among those rising.

Price Tags for XRP


X (Twitter) users Dark Defender and EGRAG CRYPTO also touched on XRP, setting extremely bullish price targets. Old well-groomed It is predicted that the capitalization of the global cryptocurrency market could exceed $23 trillion in a year and Ripple’s cryptocurrency could rise to $13.72.

Despite the upward trend in the industry as of now, reaching this level by 2025 seems a bit unrealistic. While the global market cap is currently around $1.8 trillion, the all-time high during the 2021 bull run was “only” $3 trillion.

EGRAG CRYPTO was even more optimistic, to dispute XRP has a chance to mirror its explosive performance in 2017 and jump to a ridiculous $220.

On the other hand, TradingView analyst Bitgolder presented a bearish scenario in which the price of the asset could drop to $0.07 in the coming months.

“XRP is losing strength, it failed to reach a new high in the last bull run and is now slowly bleeding. It’s going to take a while to recover from the blood loss due to how many bag holders there are and how many stupid youtubers keep pumping this thing out. “It’s unfortunate that so many people lost their shirts over this,” the analyst said stated.

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