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3 Reasons Why XRP Price Could Hit $277 By October
The post 3 Reasons Why XRP Price Could Hit $277 By October appeared on BitcoinEthereumNews.com. The XRP price shows a modest downtick of 0.22% during the Saturday trading session. Amid the geopolitical tension and recent appeal by the U.S. SEC, the Ripple coin struggles to drive a sustained recovery and prolong a sideways trend. Here are three reasons why the XRP price could escape the accumulation trend for a rally beyond $250. XRP Price Could Hit $277 by October: Here’s Why Over the past week, Ripple coin experienced a sharp decline, losing 20% of its value as the price dropped from $0.665 to $0.525. The bearish reversal signals the continuation of the current consolidation, which has been intact since late 2021. Is the XRP price ready at the end of the multi-year sideways trend? Analysts Project $1,000 XRP Rally Amid Cross-Border Payment Utility Despite the continuing legal challenge for Ripple, the digital payment company, several analysts believe its native cryptocurrency, XRP, is positioned for a $1,000 rally driven by its utility in cross-border payments. The forecast is based on XRP’s potential to handle large-scale international transactions, with JPMorgan recognizing XRP’s ability to unlock up to $120 billion in trapped liquidity in cross-border payments. A prominent crypto analyst, MasonVersluis, highlighted the Ripple price and how it would handle trillions in transaction volume. According to XRP Liquidity Cheat Sheet, the coin price could support transaction volumes of up to $1 trillion daily at prices between $100 and $500. However, to accommodate larger daily volumes ranging from $6 trillion to $20 trillion, the XRP price would need to climb to at least $1,000. The $XRP Liquidity Cheat Sheet ???? pic.twitter.com/YBY3AF7ClJ — MASON VERSLUIS (@MasonVersluis) May 21, 2023 Wells Fargo Adopts XRP for Credit Card and Loan Payments Last month, the financial giant company Wells Fargo officially integrated XRP as a payment method to settle credit card bills and…
The post 3 Reasons Why XRP Price Could Hit $277 By October appeared on BitcoinEthereumNews.com.
The XRP price shows a modest downtick of 0.22% during the Saturday trading session. Amid the geopolitical tension and recent appeal by the U.S. SEC, the Ripple coin struggles to drive a sustained recovery and prolong a sideways trend. Here are three reasons why the XRP price could escape the accumulation trend for a rally beyond $250. XRP Price Could Hit $277 by October: Here’s Why Over the past week, Ripple coin experienced a sharp decline, losing 20% of its value as the price dropped from $0.665 to $0.525. The bearish reversal signals the continuation of the current consolidation, which has been intact since late 2021. Is the XRP price ready at the end of the multi-year sideways trend? Analysts Project $1,000 XRP Rally Amid Cross-Border Payment Utility Despite the continuing legal challenge for Ripple, the digital payment company, several analysts believe its native cryptocurrency, XRP, is positioned for a $1,000 rally driven by its utility in cross-border payments. The forecast is based on XRP’s potential to handle large-scale international transactions, with JPMorgan recognizing XRP’s ability to unlock up to $120 billion in trapped liquidity in cross-border payments. A prominent crypto analyst, MasonVersluis, highlighted the Ripple price and how it would handle trillions in transaction volume. According to XRP Liquidity Cheat Sheet, the coin price could support transaction volumes of up to $1 trillion daily at prices between $100 and $500. However, to accommodate larger daily volumes ranging from $6 trillion to $20 trillion, the XRP price would need to climb to at least $1,000. The $XRP Liquidity Cheat Sheet ???? pic.twitter.com/YBY3AF7ClJ — MASON VERSLUIS (@MasonVersluis) May 21, 2023 Wells Fargo Adopts XRP for Credit Card and Loan Payments Last month, the financial giant company Wells Fargo officially integrated XRP as a payment method to settle credit card bills and…
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