1. Factors that could help XRP increase in price:
• Outcome of the SEC lawsuit (Securities and Exchange Commission): If Ripple Labs continues to gain legal advantages, this could help XRP regain investor confidence and significantly increase in value.
• Real-world applications of RippleNet and XRP Ledger: If Ripple successfully expands partnerships with banks and financial institutions globally, the demand for XRP could increase significantly.
• Cryptocurrency market bullish cycle (Bull Run): Cryptocurrencies often go through strong bullish cycles. If Bitcoin and major coins lead a new price surge, XRP could benefit.
• Wide acceptance: If XRP is used more for cross-border transactions, the practical value could support price increases.
2. Factors hindering XRP.
• Competition from other blockchain platforms: Competitors like Stellar (XLM), Solana (SOL), or new technologies could diminish the role of XRP.
• Legal volatility: If the lawsuit with the SEC drags on or has an unfavorable outcome, it will severely affect market confidence.
• Total supply: XRP has a large supply (100 billion tokens), and a significant portion has yet to be released to the market, which could limit the potential for a very high price increase.
• Unstable market: Cryptocurrency is inherently a high-risk field, with value dependent more on investor sentiment than intrinsic value.