$XRP

Analyst: Current market structure shows XRP may rise to $2.57 by the end of this year

PANews November 30 news, Bitget Research chief analyst Ryan Lee said that based on the current market structure, XRP prices may rise to $2.57 by the end of 2024. He believes that XRP's price trend may be affected by the Bitcoin halving event. Historically, XRP has shown significant growth about 228 days after the Bitcoin halving. In addition, regulators will have further progress on potential XRP ETFs, which may also be another catalyst for XRP's price increase. It is reported that asset management company 21Shares submitted an XRP ETF application to the U.S. Securities and Exchange Commission (SEC) on November 1, and it is also the third company to apply for an XRP ETF.