Bitcoin

Standard

The post <a href="https://coinpedia.org/price-analysis/ripple-news-xrp-price-can-hit-1-if-this-happens/">Ripple News: XRP Price Can Hit $1 If This Happens</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following a recent uptick, <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> is slowly climbing from its recent lows, reaching as high as $0.58 in the past 24 hours and gaining nearly 9% in the past week. This resurgence has started discussions about the possibility of XRP returning to the $1 mark, a level it last traded at in late November 2021.&nbsp; 
We have compiled three factors that can push XRP to $1 in the upcoming Bull Cycle.&nbsp; 
<h2 class="wp-block-heading" id="h-possible-if">Possible, If?</h2> 
First, the state of the <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin market</a> as a whole is important. The world crypto market cap has grown by $400 billion in the past month. Both Bitcoin and altcoins have benefited from this rise. XRP could benefit from the market’s continued upward trend, especially since experts expect a similar rally in 2017. As the crypto market prepares for its usual four-year cycles, XRP’s price could stay steady and even hit $1. 
Secondly, regulatory developments remain a crucial factor. <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">Ripple</a>, the company behind XRP, is still stuck in a legal battle with the U.S. Securities and Exchange Commission (SEC), which has impacted XRP’s performance in the past. The result of this lawsuit could significantly influence XRP’s price trajectory. While Ripple’s legal team anticipates a resolution in 2024, a favorable outcome, such as a settlement, could help XRP back above $1. 
Thirdly, developments and partnerships within the Ripple ecosystem also play a role. Ripple’s strategic partnerships, like crypto custodian Metaco and the recent acquisition of Standard Custody, show the company’s commitment to expanding its payment options. These developments can undoubtedly lead to increased adoption of the XRP Ledger and raise awareness and demand for XRP, potentially pushing its journey to $1. 
Also Read: <a href="https://coinpedia.org/price-analysis/will-bitcoin-btc-price-crash-20-in-coming-weeks-heres-what-crypto-expert-michael-van-de-poppe-predicts/">Will Bitcoin (BTC) Price Crash 20% in Coming Weeks ? Here’s What Crypto Expert Michael van de Poppe Predicts</a> 
<h2 class="wp-block-heading" id="h-xrp-s-1-price-hangs-in-the-balance-nbsp">XRP’s $1 Price Hangs in the Balance&nbsp;</h2> 
While XRP’s recent resurgence is promising, its path back to $1 will be influenced by market conditions, regulatory clarity, and Ripple’s strategic initiatives. Even if XRP wins the lawsuit, legal challenges drain resources and create uncertainty, limiting institutional adoption needed for growth. XRP’s $1 milestone may depend more on market sentiment than fundamentals. 
&nbsp;However, on a bullish note, XRP could once again reach the $1 threshold if the above factors align favorably.

Ripple News: XRP Price Can Hit $1 If This Happens

목차

CoinPedia News

2024년 2월 16일에 게재된 다른 기사

Bitcoin: Whale’s $3.2 billion move, ETF inflows, and more

What are Advisory Shares? How to Utilize Them in Crypto Space?

Aptos Foundation Unveils Affordable JamboPhone Worth $99 With Crypto Integration

BLUR Price Prediction: Will BLUR Surpass $0.8000 Post Breakout?

VeThor Token Price Prediction: VTHO Soars 42%, But Consider This Altcoin With A 100X Track Record...

Fraud Alert for Listed Altcoin on Binance! 180 Million Tokens Sold, Price Dropped!

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!