One of the key reasons behind this optimism is Ripple’s recent regulatory victories. “If Ripple continues its regulatory victories and increases its cross-border partnerships, we could see XRP at a level between $3.00 and $4.50 by the end of the year,” Anil Öncü, CEO and co-founder of cryptocurrency payments firm Bitpace, said in a statement.
At the time of writing, the XRP price is trading at $2.53.
Related News: Major Move in Ethereum: Developers Take Action Following Criticism
This renewed interest in XRP coincides with the U.S. Securities and Exchange Commission (SEC) announcing on May 8 that it was ending its long-running lawsuit against Ripple and two of its top executives. Ripple had previously shared the developments, announcing the SEC’s decision to drop the case back in March.
“The outcome of the SEC case is a turning point,” Öncü said. “Beyond that, broader adoption of XRP by financial institutions could increase demand.”
*This is not investment advice.
Continue Reading: Cryptocurrency Company CEO Reveals XRP Price Prediction: “If Things Keep Going This Way, By the End of the Year…”
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Author: NixCoin
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