The cryptocurrency market has been abuzz with discussions surrounding XRP, as the digital asset shows strong upward momentum.
Following recent developments, Zach Rector, a finance analyst active on X, predicted XRP would reach $2 before Ripple CEO Brad Garlinghouse’s interview airs on 60 Minutes this Sunday at 7:00 PM EST. This bold prediction has further fueled excitement within the XRP community.
XRP recently hit a multi-year high of $1.8474 and is currently trading at $1.82, reflecting a 15.3% increase over the past 24 hours. The asset’s bullish trajectory follows several notable announcements, including the resignation of Gary Gensler, current Chair of the U.S. Securities and Exchange Commission.
Gensler’s departure is seen as a positive shift for the cryptocurrency industry, particularly with Ripple’s ongoing legal battle against the SEC.
There is also growing institutional interest in XRP, as multiple companies have applied for XRP-based Exchange-Traded Funds (ETFs). Approval of these financial products would be a game changer, as ETFs notably helped Bitcoin hit an all-time high in March. They could boost XRP’s price and solidify its status as a key player in the finance space.
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Excitement for an XRP Surge in the Community
Many community members are excited about the interview and the potential price surge for the digital asset. Rector’s forecast was echoed by other community members, some of whom have extended the timeline for XRP’s potential growth.
One commenter predicted a climb to $1.95-$2.00 before Garlinghouse’s interview, with a subsequent surge to $3.50-$5.00 within one to two weeks.
The same post envisioned XRP reaching $7-$10 by Christmas, attributing the projection to increasing market confidence and positive media coverage.
Increasing Interest in XRP
The upcoming 60 Minutes feature is a significant milestone for Ripple and the broader XRP ecosystem. The interview with Garlinghouse is expected to shed light on Ripple’s fight for regulatory clarity and efforts to advocate for pro-crypto candidates on both sides of the political aisle.
Ripple is finally getting the recognition it deserves after years of fighting for the crypto market and proper regulation in the U.S. Prominent experts believe the new administration will dismiss the SEC’s long-running lawsuit. This could further boost XRP’s adoption and growth. All eyes are on XRP to see whether it can meet or exceed these ambitious targets after the interview.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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