XRP’s bull run may depend on ETF approval and its impact on token adoption and investor sentiment.
Utility-driven growth could position XRP as a cornerstone of global financial systems through mass adoption.
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Ripple’s prospective future appears to be at a crossroads, as recent debates among notable members of the XRP community, such as Ripple enthusiast RippleLord, shed light on alternative scenarios for the token’s performance.
RippleLord underlined the difference between two main phases: a bull run driven by speculating and finally utility-driven expansion spurred by mainstream adoption.
The Impact of XRP ETFs on Market Momentum and Long-Term Utility Growth
RippleLord’s research indicates that market momentum and sentiment will be mostly responsible for the next XRP bull run. Forecasts of price indicate a possible range of $6 to $10 over this period.
Moreover, RippleLord suggested that the introduction of an XRP ETF would be a game-changer, maybe driving the price of the currency to an amazing $15 to $20 level.
Comparatively to the success of Bitcoin following the launch of the Spot Bitcoin ETF, which shot BTC to all-time highs, one wonders if an XRP ETF could similarly raise the token to hitherto unheard-of heights. As CNF has already noted, this might cause XRP to move toward the $20 threshold, therefore indicating a new asset top.
On the other hand, the utility phase presents a different image. With significant worldwide usage, RippleLord sees XRP establishing a price floor of $100. More hopeful estimates range from $1,000 to $10,000. Real-world uses rather than speculation would drive this expansion, therefore confirming XRP’s place in the financial system.
Meanwhile, XRP is trading at about $1.13 at the time of writing, showing a 1.26% increase over the last 24 hours and an amazing 57.05% rise over the last 7 days. These numbers show the excellent comeback of the token and rising investor curiosity.
Complementing this positive attitude, CNF lately revealed a notable XRP whale accumulation. These very valuable addresses gathered during a single week more than 900 million XRP tokens overall. This build-up shows outstanding faith in the altcoin, therefore bolstering the hope for XRP’s future.
