The cryptocurrency educator offered 10 reasons why XRP could see an explosive price movement in the near future.
XRP continues to deliver disappointing price performance by holding at the $0.53 price level. At the time of writing, XRP is trading at $0.53, which is roughly the same price it sold for a month ago.
However, a crypto educator with the pen name “Mystery of Crypto” believes there are around 10 factors that could lead XRP to positive performance, chief among them the expected conclusion of the nearly four-year-old legal battle between the U.S. SEC and Ripple Inc.
Legal challenges are reaching a crescendo, according to community experts. Final Court Decision This is a wait event.
🚀 Here are 10 reasons why #XRP There's a chance of an explosion in the future! pic.twitter.com/XWprZPCB77
— Mystery of Crypt (@Mysteryofcrypt) May 25, 2024
Factors behind XRP's potential explosion
Secondly, the educator highlighted Ripple’s plans to go public. USD-based stablecoin It is expected to be a $2.8 trillion market, rivaling Tether (USDT) and Circle (USDC). Of note, Ripple's stablecoin will be launched on the XRP Ledger, the blockchain of XRP. Based on this prediction, The commentator sees it This could affect the market value of XRP.
In addition, Mystery of Crypto will XRP Documentarywill be available on well-known streaming platforms such as Netflix, and we believe that Netflix streaming the XRP documentary will bring even more attention to the asset.
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In addition, experts Ongoing speculation Regarding the arrival of the XRP Spot ETF and the possibility of Ripple being listed. In particular, Ripple CEO Brad Garlinghouse Repeated Plans for an IPO are on hold, and ETF analysts like James Seifert believe we may not see an XRP spot ETF anytime soon.
Additionally, the crypto educator said the potential for a significant price rise for XRP is Recent relisting Coinbase Opens for New York Residents and Returns to Coin Metrics CMBI 10 Index.
Despite these developments last week, XRP’s market value saw little notable movement.
The educator also said XRP’s explosive growth could be due to regulatory approvals from the UK and US, as well as the prospect of tokenizing real-world assets on the XRP blockchain. Ripple CTO David Schwartz previously stated XRPL will become the preferred platform tokenization by next year.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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