In the past seven days, the price of XRP has experienced a remarkable surge, capturing the attention of traders and crypto enthusiasts alike. Notably, the interest in XRP has soared, with a 122% increase in Google searches for ‘Ripple news.’

This surge in interest suggests the potential for significant market activity in the coming months. Thomas Kralow, a crypto hedge fund manager, predicts that XRP could achieve an unprecedented milestone, reaching a record-breaking price range of $10 to $30 per coin in the next 3-4 months.

Ripple’s IPO and its Potential Impact

One of the significant factors driving the excitement around XRP is the speculation surrounding Ripple’s initial public offering (IPO).

As Ripple, the company behind XRP, prepares to go public; there is immense speculation regarding the potential impact of this groundbreaking event on the crypto industry.

Many believe Ripple’s IPO could lead to a nearly half-a-trillion dollars valuation, significantly increasing XRP’s market capitalization and bolstering its price.

XRP Pops In Ballistic Rally As Judge Finally Rules It Isn’t A Security

Another factor fueling optimism is the latest Ripple victory in court against the U.S. Securities and Exchange Commission (SEC).

U.S. District Judge Analisa Torres granted summary judgment in favor of Ripple, indicating that the XRP token is not a security.

The anticipation of a positive outcome has always spurred speculative buying, with experts believing that things going in Ripple’s favor would propel XRP from $2 to $10.

The Price Target for XRP

Considering these factors, many experts and market observers are setting ambitious price targets for XRP. Thomas Kralow, with his extensive experience in the crypto industry, believes that XRP has the potential to reach a minimum price of $10 per coin and, optimistically, even achieve a target of $30. The combination of Ripple’s IPO, the anticipation surrounding the lawsuit’s outcome, and the increased public interest in XRP could poise the cryptocurrency for substantial growth in the coming months.

As XRP experiences a notable price surge of over 80%, the cryptocurrency community’s interest in this digital asset continues to grow. With experts like Thomas Kralow predicting price targets ranging from $10 to $30, it is clear that the cryptocurrency has the potential to achieve new heights.

However, it is essential to consider the factors influencing XRP’s trajectory, including the outcome of Ripple’s IPO and the next phase of the SEC case.

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Filed under: Bitcoin - @ July 17, 2023 6:17 pm