According to a recent article by CryptoGlobe, a crypto analyst named Credible Crypto on Twitter has predicted that XRP price could surge over 800% by the end of this year, reaching a new all-time high of $10 per coin. This would imply a massive increase from its current price of around $1.2, which has already risen by more than 300% since the beginning of the year.
Credible Crypto is not the only one who is bullish on XRP. Many other experts and influencers have also expressed their positive outlook on the future of this digital asset, especially after the recent developments in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC).
As you may know, Ripple is facing a legal battle with the SEC since December 2020, when the regulator accused the company of selling unregistered securities in the form of XRP tokens. This allegation has caused a lot of uncertainty and volatility in the XRP market, as well as some delistings from major crypto exchanges.
However, in the past few months, Ripple has scored some significant victories in the court case, such as gaining access to internal SEC documents and preventing the disclosure of its executives’ personal financial records. Moreover, Ripple has also received support from some prominent figures in the crypto space, such as former SEC chair Mary Jo White and billionaire investor Mark Cuban.
These factors have boosted the confidence and optimism of many XRP holders and fans, who believe that Ripple will eventually win the lawsuit or reach a favorable settlement with the SEC. This would clear the legal hurdles for XRP and allow it to resume its growth and adoption in the global payments industry.
XRP is already one of the most widely used cryptocurrencies for cross-border transactions thanks to its fast, cheap, and scalable features. Ripple has partnered with hundreds of financial institutions and payment providers worldwide, such as MoneyGram, Santander, and SBI Holdings, to leverage its blockchain technology and XRP ledger to facilitate international money transfers.
In addition, Ripple is also working on expanding its product offerings and use cases for XRP beyond payments. For instance, it has launched a new service called On-Demand Liquidity (ODL), which uses XRP as a bridge currency to eliminate pre-funding and reduce costs for remittance providers. It has also invested in various projects and initiatives that aim to foster innovation and adoption of XRP in fields such as decentralized finance (DeFi), gaming, and media.
All these developments indicate that XRP has a bright future, despite the ongoing legal challenges. As Credible Crypto said in his tweet, “XRP is not dead. It’s just getting started.” If his prediction comes true, we could see XRP reaching new heights by the end of 2023.
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