6 Signs Ripple (XRP) Is About to Make Another Colossal Splash
Bitcoin is shooting for the moon again on the current macro market cycle.
But since the start of November, Ripple nearly went parabolic. XRP prices rose from under $0.50 to above $2.70 by Dec. 3.
So, will Ripple token prices fizzle out and consolidate with long-term support at a lower level? Or will XRP continue to skyrocket over the next 60 days?
Here are 6 of the most current signals regarding XRP’s price. But real quick first:
As for more focused long-term accumulation holders and altcoin investors who make cyclical adjustments with the occasional swing trade to optimize their strategy: Is XRP the right place to park it for a while?
Is it too Late to Buy XRP in 2024-2025?
That’s an important question for many cryptocurrency investors looking at the top coins by market cap for opportunities to achieve their financial goals over their relevant timeframes.
Using Bitcoin as a point of comparison, RippleNet does not appear to have reached as much of its TAM (total addressable market) along its product adoption curve.
For example, Bitcoin is already on Wall Street as a number of ETF products, and XRP is not.
But, Ripple’s CEO Brad Garlinghouse says his company considers an XRP ETF inevitable.
Meanwhile, Ripple Labs has actively explored IPO options for some time, but outside the United States, because of the costly battle against the SEC.
In addition to that gauge of XRP’s market adoption curve, the Belgium-based SWIFT cooperative is a directly relevant point of comparison.
While SWIFT processes international payment volume on the order of USD $5 trillion daily, RippleNet appears to be just getting started.
XRP tokens on the decentralized financial platform XRP Ledger facilitate something like USD $1.5 billion worth of similar transactions each day, according to data from XRP Scan.
