The latest news on XRP is here
SEC chief resigns: The head of the SEC, Gary Gensler, will leave in January 2025, which brings joy to XRP supporters. This situation seems like the long-drawn lawsuit between Ripple and the SEC is about to turn a corner, giving investors some peace of mind.
Price skyrocketing: XRP recently surged to $1.2, which is a great thing. Everyone thinks it might even reach $2, or even break its previous historical high of $3.84. Some experts have said that if the situation improves, regulation becomes clearer, and the number of users increases, XRP might reach $5.54 by 2026, and who knows, maybe even $61.13 by 2030.
Institutions love to use it: Ripple is currently pushing for the use of XRP in cross-border payments, which increases its utility and demand.
Looking ahead, here's the advice
Short term (2024-2025): Regulatory issues are not as uncertain anymore, institutions are interested, and XRP should be able to steadily increase. Traders should keep a close eye on key price points, such as $1.33, $1.88, and so on.
Long term (after 2030): If Ripple can find more partners and institutions continue to love using XRP, it could see significant growth, potentially becoming a leader in B2B settlements and cross-border payments.
Investment tips
Be cautious: Although XRP looks promising, its price is like a rollercoaster, and the risks are significant, so risk management is essential.
Stay informed: Keep a close watch on Ripple's legal developments and the overall trends in the cryptocurrency market.
Don’t put all your eggs in one basket: Diversify your investments; if XRP's progress isn't as fast as we hope, it can help mitigate some risks.
This wave of correction will refine the gold, find a coin with strong backing that rises against the trend, and the next high-multiple target will depend on its performance! Like and comment to reveal once it hits 88!
