Major Developments Expected to Propel XRP Price to $10

Major Developments Expected to Propel XRP Price to $10

Ripple vs. SEC

Ripple’s victory over the United States Securities and Exchange Commission (SEC) might propel the XRP price to $10. With the regulator proposing a $700 Million settlement as its final attempt, all eyes are now on Ripple to negotiate this amount. The final payment amount will determine the company’s victory or defeat. Pro-XRP lawyer John Deaton believes that anything below $20 Million would be a whole lot of victory for Ripple. Given the history of XRP’s price performance during partial victories, complete success might propel the price over $1 and set the stage for further rallies.

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Ripple IPO Rumors

Speculations about a Ripple IPO have been circulating, with expectations set for a 2024 public offering leading to probable growth that will impact the XRP price. Wall Street veteran Linda Jones predicts that the company’s valuation will reach $107 billion, with a share price of $600. This could result in a surge for XRP to trade over $10 to match Ripple’s valuation.

Ripple’s Rise in Cross-Border Payments

As Ripple gains ground in the cross-border payments sector, its presence is expected to raise the demand for XRP due to its central role in the procedure. The sector is projected to reach $250 trillion by 2027, leading to probable whole lot of growth for XRP. SBI Remit’s adoption of XRP as a bridge currency for remittances in Asia has already demonstrated the  capacity for increased demand and value growth.

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XRP Price Surge

XRP has started the new week on a positive trend note, growing over $0.62 with a volume of daily trading exceeding $1.1 billion. This suggests growing investor interest, contributing to a probable rally as bulls aim for $0.7.

Hot Take

As Ripple prepares for a probable IPO and continues  to navigate its legal battles, the XRP price is poised for growth. If Ripple secures complete victory against the SEC, settles at a favorable amount, and continues  to win ground in the cross-border payments sector, XRP could see whole lot of gains in the coming years.

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