Ripple price prediction: the potential for a 4,000% gain – fact or fantasy?
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With Bitcoin and Ethereum surging, what does the Ripple price prediction indicate about XRP’s ability to catch up with these market leaders?
Ripple (XRP) has been in the spotlight for quite some time, but not necessarily for the reasons its fans would hope. Since the start of the year, XRP has traded flat, showing disappointing performance.
While Bitcoin (BTC) and Ethereum (ETH) have surged by 69% year to date (YTD), and other altcoins have gained more than 100%, Ripple’s value has declined by nearly 15%, currently sitting at $0.53.
Despite this lackluster performance, Ripple has made notable strides in its business operations.
Recently, Ripple announced a new partnership with Clear Junction to facilitate instant and secure GBP and EUR-denominated payouts for Ripple’s payment customers.
The partnership expands Ripple’s reach and capabilities in the financial world. Ripple’s official website also hinted at more customer additions by the end of the year through this partnership, which could potentially enhance its market position.
Adding to this momentum, Ripple CEO Brad Garlinghouse recently appeared on Fox Business, advocating for the approval of multiple altcoin exchange-traded funds (ETFs).
He argued that just as investors diversify their portfolios with commodities like gold and silver, they should also have the option to diversify with various crypto assets.
Garlinghouse, recalling the days when XRP was the second-largest digital asset by market capitalization, confidently stated that the approval of an XRP ETF was “inevitable.”
Despite these promising developments, the looming legal battle with the U.S. Securities and Exchange Commission (SEC) continues to cast a shadow over XRP.
