XRP, Ripple’s native token, has faced volatility post-US elections and the prolonged SEC lawsuit, but analyst John Squire argues it’s far from dead. Squire highlights RippleNet’s global adoption in over 55 countries, partnerships with major financial institutions, and the upcoming launch of XRP futures by CME. Despite the SEC’s delays on ETF applications, institutional interest is surging, with whales accumulating $2 billion worth of XRP in April alone. Squire also points to bullish technical indicators, suggesting XRP could be gearing up for a significant rally. The asset’s resilience and institutional backing position it as a strong contender in the crypto market.
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0 in Finance and 0 in Crypto last weekXRP Bull Case: Analyst Predicts $50 Surge Amid Legal Clarity
Despite recent price declines, analyst John Squire believes XRP is poised for a significant rally, potentially reaching $50 under bullish conditions. Squire highlights XRP’s decade-long market presence, RippleNet’s global adoption, and the impending resolution of the SEC lawsuit as key catalysts. Additional bullish factors include CME Group’s planned XRP futures, rumors of a BlackRock XRP trust, and potential ETF prospects. While XRP currently trades at $2.2 (down 1.54% daily), its institutional alignment and legal resilience position it for long-term growth in the $150 trillion global payments market.
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