XRP From $0.41 To $1500? Experts Predict ETH-Like Surge

Ripple-affiliated
XRP
is
back
in
the
limelight
after
a
roller
coaster
ride.
From
a
yearly
high
of
$0.71
to
a
low
of
$0.41,
the
altcoin
has
generated
quite
a
buzz.
Despite
the
current
market
volatility,
market
experts
pin
their
hope
on
the
upcoming
events
in
the
XRPL
ecosystem
and
the
broader
regulatory
development.
One
topic
of
discussion
is
whether
the
altcoin
would
replicate
the
dramatic
rise
of
Ethereum
after
it
achieved
regulatory
clarity.

Market
observers
believed
achieving
true
regulatory
clarity
would
be
the
pivotal
moment
for
XRP.
Citing
Ethereum’s
meteoric
rise
from
$7
to
$1500
within
a
year
after
securing
regulatory
status.
The
altcoin’s
newly
secured
clarity
positions
it
for
substantial
growth.
Moreover,
the
XRP
Ledger
is
set
to
integrate
a
US-backed
stablecoin,
RLUSD.

Historically,
networks
that
incorporate
stablecoin
options
saw
massive
gains
in
their
native
assets.
The
analyst
cited
the
example
of
Binance
Coin
[BNB]
which
skyrocketed
by
a
whopping
3,100%
following
its
stablecoin
introduction.
This
integration
has
benefitted
traders
by
moving
in
and
out
of
the
assets
on
that
network
seamlessly
while
maintaining
stability
against
fiat
currencies,
enhancing
its
further
appeal.

XRP-Based
ETP
and
CME
Price
Index

Adding
to
the
momentum
is
the
recent
announcement
of
an
XRP-based
Exchange
Traded
Product
[ETP].
Even
though
the
full
implications
of
this
ETP
remain
to
be
seen,
the
fund
is
physically
backed
by
XRP
and
is
priced
at
$12
per
unit.
This
development
could
lead
to
an
influx
of
institutional
investors,
adding
to
the
token’s
market
credibility
and
liquidity.

Just
a
day
earlier,
the
Chicago
Mercantile
Exchange
[CME]
launched
an
official
price
index
for
XRP.
aligning
the
altcoin
with
other
commodities
like
oil.
This
indicates
that
once
the
SEC
lawsuit
concludes,
the
Ripple-backed
token
will
be
traded
as
a
commodity
rather
than
a
security,
paving
the
way
for
new
markets
and
investors
to
enter.

However,
the
most
significant
catalyst
would
be
the
outcome
of
the
SEC
lawsuit
against
Ripple.
So
far
the
blockchain
firm
has
emerged
clean
on
legal,
congressional,
regulatory,
and
criminal
fronts.
Traders
and
investors
would
be
closely
monitoring
the
events.

The
expert
then
observed
that
the
cryptocurrency
market
has
witnessed
an
inflated
price
action
in
the
6
to
18
months
after
Bitcoin
halving
events.
The
effect
then
spreads
to
the
altcoin
space
leading
to
rallies,
a
trend
that
could
benefit
XRP,
further
amplified
by
its
newfound
regulatory
clarity.

Another
strategic
development
was
Bitstamp’s
announcement,
a
key
Ripple
“On
Demand
Liquidity”
[ODL]
provider,
which
was
recently
acquired
by
Robinhood.
This
acquisition
will
see
Robinhood
support
the
altcoin
as
a
trading
pair
with
various
national
currencies,
boosting
XRP’s
accessibility
to
retail
investors.

Overall,
all
these
developments
portray
a
promising
outlook
for
XRP’s
future,
positioning
it
for
significant
gains
and
potentially
revolutionizing
its
role
in
the
cryptocurrency
market.