Key Points:
– XRP does not constitute a security following a ruling by the SEC.
– Price predictions for XRP are divided between those who rely on charts and those who consider Ripple’s utility.
– Vahil Capital predicts XRP’s price could range from $3,500 to $21,900 based on research and quantitative models.
– Shannon Thorp points out that the prediction does not account for economic growth and the benefits of using XRP.
– Thorp presents her own price prediction, ranging from $100 to $500 in the short term.
Hot Take:
While the ruling was favorable for XRP, the price has not sustained its initial surge. Despite the divided opinions on price predictions, it remains to be seen how XRP’s value will develop in the future.