Expert Shares 10 Factors that Can Take XRP to $10
The post Expert Shares 10 Factors that Can Take XRP to $10 appeared on BitcoinEthereumNews.com.
A market commentator recently highlighted ten reasons he believes XRP could be on its way to the ambitious $10 mark. Edoardo Farina, CEO of Alpha Lions Academy and Head of Social Adoption at XRPHealthcare, presented arguments supporting the audacious price goal days after XRP reclaimed the $1 level. The recent uptrend has reignited bullish sentiments around the altcoin. XRP, which has maintained its position above $1, would require an 809% increase to hit $10. Despite the massive growth necessary for this target, Farina believes it is feasible but speculative, citing ten factors that could catalyze it. SEC Lawsuit Resolution and Regulatory Clarity One reason for Farina’s bullish stance on XRP is the anticipated conclusion of its prolonged legal battle with the U.S. SEC. Although the SEC has taken the case to appeal, speculations suggest a settlement could occur once a more pro-crypto candidate replaces Gary Gensler as SEC Chair. Notably, the Donald Trump transition team is already considering crypto-friendly individuals such as Teresa Guillen. Farina believes if the lawsuit ends, it could release suppressed market potential for XRP, leading to price growth. Moreover, his second reason is that XRP now holds a unique position as the only cryptocurrency with regulatory clarity in the U.S., paving the way for broader institutional adoption. Recall that Judge Analisa Torres ruled last July that XRP is not a security. Ripple’s RLUSD Stablecoin For his third reason, Farina highlighted the XRP Ledger’s role in supporting the issuance of Ripple’s native stablecoin, RLUSD. Ripple has confirmed that it will launch the stablecoin on the XRPL and Ethereum. Notably, the stablecoin is operationally ready, with Ripple now awaiting regulatory clearance before launch. The firm has confirmed that RLUSD will complement XRP. Pro-Crypto Policies and Gensler’s Resignation As pro-crypto Donald Trump looks to assume office in January 2025, Farina…
Filed under: News - @ November 25, 2024 5:25 am