The post XRP Price to Reach $2 appeared on BitcoinEthereumNews.com.

Big news for XRP fans! The price of XRP is showing signs that it might finally reach $2. Could this be the moment everyone has been waiting for? Let’s take a look at this XRP Price prediction article in more detail. How has the XRP Price Moved Recently? XRP/USD Daily Chart- TradingView  XRP is currently priced at $0.599514, with a 24-hour trading volume of $2.24 billion, a market cap of $33.23 billion, and a market dominance of 1.37%. Over the past 24 hours, XRP’s price has decreased by 0.94%. XRP hit its all-time high of $3.92 on January 4, 2018, and its all-time low of $0.002802 on July 7, 2014. Since its peak, the lowest price XRP reached was $0.113268, and the highest price since this low was $1.97793. Currently, the XRP price prediction sentiment is neutral, and the Fear & Greed Index stands at 72, indicating greed. The circulating supply of XRP is 55.43 billion out of a maximum supply of 100 billion. The yearly supply inflation rate is 5.49%, with 2.89 billion XRP created in the last year. Why Investors Are Bullish on XRP Price? Investors are increasingly bullish on XRP due to several compelling factors. The anticipated resolution of the Ripple-SEC lawsuit is a significant driver. This legal battle has been a major hindrance for XRP, and its resolution is expected to bring much-needed regulatory clarity. Such clarity will enable Ripple to operate fully within the United States, potentially leading to increased institutional adoption and the re-establishment of major business partnerships, including with entities like the Bank of America. Furthermore, the potential for XRP futures listings on major US exchanges, such as Coinbase, is a notable development. This would enhance XRP’s liquidity and visibility, making it a more attractive option for institutional investors. The establishment of a…

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Filed under: News - @ July 27, 2024 6:16 am