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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-news-xrp-price-prediction-sparks-controversy-amid-market-downturn/">Ripple News: XRP Price Prediction Sparks Controversy Amid Market Downturn</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ripple’s XRP token has triggered intense debate over its potential to surge to $1,896, despite a bearish market. Doubts about an agenda to boost sales have emerged, linked to XRP’s connection with the International Swaps and Derivatives Association (ISDA).</p> 
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   <p lang="en" dir="ltr">Now that <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> has joined <a href="https://twitter.com/hashtag/ISDA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ISDA</a> take a look at the possibilities for <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Price and adoption. $1,896.23 per <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f441.png" alt="👁" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> It`s always been about how much adoption,what Percentage will <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> and <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> get of the remittance/clearing/settling derivatives market? <a href="https://t.co/RrbvzBceKU" rel="noopener noreferrer nofollow">https://t.co/RrbvzBceKU</a></p>— Digital PerspectivesPermaBull 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DigPerspectives) <a href="https://twitter.com/DigPerspectives/status/1688587342787825664?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2023</a> 
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<p>Bradley Kimes of Digital Perspectives highlighted Ripple’s collaboration with ISDA, suggesting widespread adoption could propel XRP to $1,896, emphasizing adoption’s role.</p> 
<p>This projection roots itself in the idea that XRP could capture 10% of the vast $1 quadrillion derivatives market, requiring processing around $100 trillion in transactions. This could skyrocket its market cap around 2,865 times, leading to the $1,896 per token estimate. Feasibility in the bearish market raises questions.</p> 
<p>Critics differ, doubting the simultaneous usage of all XRP derivative trades and pointing to the SEC vs. Ripple case impacting XRP’s market cap by $10 billion due to regulatory uncertainties. Judge Analisa Torres’ indecision and US District Judge Jed Rakoff’s Howey test interpretation add regulatory complexity.</p> 
<p>XRP’s return to the Gemini exchange caused price glitches, briefly hitting $50, raising stability concerns and prompting alternative discussions. Amidst this, XRP20, a new token variant, aims to surpass XRP’s launch gains, in presale offering potential 10X returns.</p> 
<p>Ripple’s XRP faces speculation and controversy, with predictions of a surge amid a bearish market met with skepticism. Adoption, regulatory hurdles, and XRP20 complicate matters, leaving traders grappling with uncertainty.</p>

Ripple News: XRP Price Prediction Sparks Controversy Amid Market Downturn

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