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Reading: Big Jump Expected in XRP! According to the Expert, $16 and Beyond is Possible!
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EdaFace Newsfeed > Latest News > Altcoin News > Big Jump Expected in XRP! According to the Expert, $16 and Beyond is Possible!
Altcoin News

Big Jump Expected in XRP! According to the Expert, $16 and Beyond is Possible!

vitalclick
Last updated: October 22, 2024 3:50 pm
3 months ago
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Contents
Possibility of XRP Surpassing EthereumProgress in Ripple – SEC CaseXRP’s Global Role and PartnershipsMarket Movements

XRP, Ripple $0.533468It continues to attract the attention of investors with the developments surrounding . One of the well-known names in the crypto world says that XRP may rise to $16 in the future and Ethereum $2,622He predicts that it can exceed . These predictions created a positive atmosphere in the market.

Possibility of XRP Surpassing Ethereum

Ben Armstrong, known as BitBoy in the crypto world, stated that XRP could exceed $16. According to Armstrong, by 2025, XRP could surpass Ethereum in terms of market cap. The price of XRP can vary between $16.50 and $22. Ripple’s widespread use in the banking sector stands out as one of the biggest factors that distinguishes XRP from Ethereum.

“XRP does not compete directly with Ethereum,” Armstrong said. He’s moving in his own lane. “While Ethereum competes with other projects, XRP solidifies global banking partnerships,” he said, emphasizing that XRP is on a different path.

Progress in Ripple – SEC Case

Armstrong states that the resolution of Ripple’s legal fight with the SEC will create an opportunity for XRP to surpass Ethereum. The fact that the SEC does not discuss whether XRP is a security increases the expectation that it will have a strong position in the legal process of XRP.

XRP’s Global Role and Partnerships

XRP stands out as a cryptocurrency focused on cross-border payments and liquidity. Armstrong reminds that XRP surpassed Ethereum for a short time in 2018, and predicts that this situation may happen again. The strong partnerships established by Ripple can cause a big jump in the value of XRP.

“XRP hasn’t made a big price move yet, but it could surpass Ethereum when that moment comes,” Armstrong says.

Meanwhile, Ripple CEO Brad Garlinghouse made important statements about XRP and other developments. He shared information on the launch of Ripple’s stablecoin RLUSD, the XRP ETF and the SEC case.

Market Movements

At the time of writing, the XRP price is down 4% to $0.5354. Transaction volume decreased by 5% to $1.12 billion. However, in the last 24 hours, XRP caught the attention of investors by reaching the $0.5594 level. Elon Musk’s interest in XRP also contributed to this increase.

Ripple co-founder Chris Larsen received some criticism by donating $10 million in XRP to Kamala Harris’ campaign. The move increased speculation about SEC Chairman Gary Gensler’s stance on crypto innovations.

In conclusion, XRP’s expansion of uses and strong partnerships indicate great potential in the future. Resolving Ripple’s legal issues and potential ETF approvals could positively impact the value of XRP.

XRP is expected to reach $16 and there is talk of the possibility of surpassing Ethereum.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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