Analysts weigh in on the potential impact of Ripple's stablecoin launch, SEC leadership changes, and a possible lawsuit settlement on XRP's price trajectory.
The launch of Ripple ’s stablecoin, leadership changes at the SEC , and a potential lawsuit settlement could impact XRP ’s future.Despite the price of XRP falling to under $2.25, Ripple ’s native token remains one of the best performers in the market this year. The pump was long anticipated by the XRP army, and some members might be contemplating whether to sell some of their holdings. An analyst outlined seven vital factors XRP investors should get checked before eventually cashing out.
The first thing is the launch of Ripple’s stablecoin, which is pegged 1:1 to the American dollar and debuted on December 17. The second factor is Donald Trump’s inauguration, scheduled for January 20, 2025, while Gary Gensler’s departure from the US SEC is the third factor. Gensler is known for taking a different stance toward the digital asset sector, advocating for implementing regulations that foster innovation in the space. The entities have been confronting on the legal front for four years, with some seeing the agency as the underdog. After all, Ripple secured some vital (yet partial) court wins, while the upcoming shift in the leadership of the Commission could lead to a favorable resolution. The other factors investors should wait for include the beginning of the altseason, a potential partnership between Ripple and a large banking institution, and the possible launch of an XRP ETF.X users JAVON MARKS and Dark Defender shared their price predictions. The former expects a potential price explosion, while the latter set $5.85 and $8.76 as short-term targets. Other analysts are more conservative, predicting a gradual climb toward $2.78 and then $3.87. The analyst went even further, forecasting a mass FOMO effect if the price reach $10-$12, and “that’s when it will get crazy.
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