Prediction: XRP (Ripple) Will Soar More Than 100% by the Year's End in 2025
In 2012, a group of developers who eventually founded the financial technology company Ripple created XRP (CRYPTO: XRP), a digital asset that makes cross-border payments faster and cheaper. XRP is currently the third most valuable cryptocurrency behind Bitcoin and Ethereum.Former Goldman Sachs analyst Dom Kwok wrote earlier this year, "High chance that XRP flips ETH very soon." As of Feb. 21, XRP has a market value of $154 billion, and Ethereum has a market value of $338 billion. That means Kwok's prediction implies that XRP will soar 120% from its current price of $2.66.I see two catalysts that could cause XRP's price to double (or more) in the next year. First, the Securities and Exchange Commission (SEC) may dismiss its lawsuit against Ripple in the near future. Second, the SEC may approve spot XRP exchange-traded funds (ETFs) later this year.Continue reading
In 2012, a group of developers who eventually founded the financial technology company Ripple created XRP (CRYPTO: XRP), a digital asset that makes cross-border payments faster and cheaper. XRP is currently the third most valuable cryptocurrency behind Bitcoin and Ethereum.
Former Goldman Sachs analyst Dom Kwok wrote earlier this year, "High chance that XRP flips ETH very soon." As of Feb. 21, XRP has a market value of $154 billion, and Ethereum has a market value of $338 billion. That means Kwok's prediction implies that XRP will soar 120% from its current price of $2.66.
I see two catalysts that could cause XRP's price to double (or more) in the next year. First, the Securities and Exchange Commission (SEC) may dismiss its lawsuit against Ripple in the near future. Second, the SEC may approve spot XRP exchange-traded funds (ETFs) later this year.
