Key factors why Ripple could soon skyrocket like it did in 2024
The post Key factors why Ripple could soon skyrocket like it did in 2024 appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple rallied 450% in 2024 but is down 30% in 2025; experts remain bullish, while Rexas Finance sees big potential. Ripple (XRP) would have a dismal year before the post-US election in November flipped 2024 to success. XRP rallied over 450% to a cycle high of $3.15. While XRP has even gone steps further earlier in 2025, it is now down over 30% from its yearly peak of $3.34. However, experts believe XRP can still bounce back with several favorable developments. Here are some factors needed for XRP price to recreate a 2024-like memory. XRP price to soar: What are the causes? Ripple’s price is fluctuating around $2.23, demonstrating mixed market momentum. Despite recent turbulence, in which XRP tested its critical $2 support, investors remain hopeful about the token’s future price trajectory. The recent 8% increase in XRP Futures Open Interest implies that institutional trust is recovering. The U.S. Securities and Exchange Commission (SEC) case has hindered XRP’s institutional growth, but as regulatory clarity comes, XRP is positioned to profit. Legal experts, like Fred Rispoli, say the case’s settlement could bring tremendous bullish momentum. Another positive catalyst is Ripple’s expansion into the UAE market. The firm obtained a DFSA license, which enables it to oversee Middle Eastern cross-border payments. The $400 billion UAE market might significantly increase XRP acceptance, increasing its usage in business payments and remittances. The approval of an XRP spot ETF also has a vital role to play. Franklin Templeton has filed for an XRP ETF, which would result in more general public acceptability. The biggest asset manager in the world, BlackRock, is also looking at a spot XRP ETF, which may substantially raise institutional XRP…
Filed under: News - @ March 22, 2025 4:28 pm