$XRP Hot News!!! Standard Chartered predicts that Ripple's X
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Updated at: 2 days ago
{"content":"$XRP Hot News!!! Standard Chartered predicts that Ripple's XRP could surge 450% to reach $12.50 by the end of 2028, driven by several key catalysts. Here's what we know:
- Current Price: XRP's current price is around $2.16.
- Short-term Prediction: Standard Chartered analyst Geoffrey Kendrick expects XRP to reach $5.50 by the end of this year, more than doubling its current price.
- Catalysts for Growth:
- Potential Approval of a Spot XRP ETF: SEC approval could lead to $4 billion to $8 billion in inflows in the first year, significantly boosting XRP's price.
- XRP Ledger Growth: Increased adoption and usage of the XRP Ledger could drive up demand for XRP.
- Increased Stablecoin Transactions: Growing stablecoin transactions on the XRP Ledger could further boost XRP's price.
It's essential to note that while the current crypto-friendly SEC might approve the ETF, it hasn't happened yet, and the SEC has requested more time to consider the proposed WisdomTree XRP Fund. As with any investment, it's crucial to do your research and consider multiple sources before making a decision.
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#XRP #news #Binance #Crypto #Exchange
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