XRP Ready For $100 Price Target: Why?

XRP surged 15.57% yesterday, capping off a strong week, according to CoinMarketCap. The seventh-largest cryptocurrency gained 60.76% this week as Bitcoin approached $90,000.

XRP Will Reach $10 In Bull Market, But More

BarriC posted multiple XRP price estimates on November 15 under specific situations. XRP may rise 500% to $6–$10 in the crypto bull run, according to the expert.

BarriC has high hopes owing to various causes, including Donald Trump's presidential victory, which is anticipated to usher in a crypto-friendly US administration.

The Republican President adhering to his campaign crypto promise might terminate the legal struggle between Ripple and the SEC and reduce regulatory ambiguity over the coin, which is crucial for XRP.

Trump's administration further increases the likelihood of the XRP spot ETF, since the SEC is likely to ease crypto-linked securities regulations. BarriC believes a spot ETF may propel the cryptocurrency to $15–$20 if approved during the bull market.

The expert also predicts a utility run during which the altcoin would be widely used for cross-border transactions and bank institutional bridge cryptocurrencies. BarriC expects XRP to reach $100 if the utility run unfolds as anticipated with worldwide adoption.

Market Whales Add 320 Million XRP

Along with the token's recent price spike, XRP whales have bought approximately 320 million XRP worth $285 million in the previous 72 hours. As media reported Gary Gensler's departure as SEC chairman, the coin increased from $0.69 to $0.92.

The cryptocurrency has dropped 1.2% in the last hour, yet whales' large purchases imply long-term success. While writing. At 0.89, XRP's market valuation is almost $50 billion. Meanwhile, the token's trading volume rose 24.71% to $11.75 billion.

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