The price of XRP has been a center of attention lately, with the hope of regulatory clarity coming soon. There have been various talks about XRP, with some saying the token is already dead while others think there is some bullish potential.
A YouTube channel, Zach Rector, addressed this issue by giving six reasons XRP will pump. The following paragraphs will explain the crypto analyst’s thoughts.
- The Ripple and SEC Lawsuit Conclusion
The ongoing lawsuit against the SEC is a major issue affecting the price of XRP. The lawsuit is already three and a half years old, and it has been a major factor affecting XRP growth.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +A favorable ruling could cause a significant pump in the Ripple price. Something similar happened when Judge Torres ruling that gave Ripple a partial victory led to a major price increase for XRP.
- On-Demand Liquidity (ODL) in the United States
There are expectations that on-demand liquidity will go live in the United States. It is expected to bring a log of utility and demand for XRP.
- Ripple Stablecoin Launch
Ripple has also announced plans to launch its stablecoin in Q3 this year. This is also a bullish catalyst. The stablecoin is expected to increase liquidity within the XRP Ledger ecosystem.
Read Also: BONK and POPCAT Price Analysis: Meme Coin Charts Signal Potential Market Shift
- Broader US Cryptocurrency Regulations
There are various bullish catalysts for the broader crypto market, which XRP can also benefit from. Hopes about having clearer regulations are creating some bullish catalysts.
Ripple’s compliance-first approach positions it well within this regulatory landscape.
- XRP ETFs
XRP ETFs are considered inevitable, with some already live in Europe.
The introduction of XRP ETFs in the United States is expected to bring substantial liquidity into the market, with multiple ETFs potentially including XRP.
- Market and Economic Conditions
Regardless of who gets elected, there is an expectation of more money printing, which is typically bullish for assets like XRP.
Investors are encouraged to prepare for significant moves in XRP’s price.
The factors we have discussed collectively suggest a strong potential for XRP to pump in the near future.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
