Can XRP Reach 5 USD in the Next 2 Years?
On November 11, 2024, 40,831,117,322 reached a peak of 1.2698 USD on Binance, marking a strong recovery. The goal of reaching 5 USD in the next two years is becoming the expectation of many investors due to the following factors:
1. Favorable Legal Decisions
The successful lawsuit with 30,490,199,947 helps XRP avoid the risk of being classified as a security, opening up significant collaboration opportunities with global financial institutions, especially in the field of international remittances.
2. Expansion of RippleNet
26,473,439,257 and Liquidity Hub are attracting many partners, enhancing the role of XRP in global payments. This high applicability boosts the demand for the coin.
3. Positive Market Conditions
• The recovery of the cryptocurrency market, led by Bitcoin, will create upward momentum for XRP.
• XRP is also attracting capital flows from institutional investors due to its practicality and efficiency.
4. Technical Analysis
Breaking through resistance levels such as 2 USD or 3 USD will pave the way for XRP to reach 5 USD in the near future.
Conclusion
With favorable legal, technological, and market trend factors, XRP has enough potential to reach 5 USD by 2026. However, investors need to closely monitor developments to make informed decisions.