The XRP Army is hopeful of a mega bull run for Ripple’s XRP cryptocurrency, with Wall Street expert Linda P. Jones outlining five factors that could propel its price to new heights.
Firstly, Jones highlights the awaited settlement between Ripple and the Securities and Exchange Commission (SEC) as a significant factor. The settlement amount is expected to provide clarity and potentially pave the way for Ripple’s initial public offering (IPO).
Regulatory clarity in the crypto sector is also seen as crucial for XRP’s recovery, and Jones notes that the resolution of the SEC settlement could boost the cryptocurrency’s value even before regulations are established.
Institutional adoption is another key driver, with family offices and private wealth already allocating a portion of their assets to cryptocurrencies like XRP. Jones expects institutional adoption to drive XRP’s price further.
Jones also points to the upcoming Bitcoin halving cycle as having the potential to trigger a bull market in the crypto space, which could in turn drive up the price of XRP. However, she does not mention a specific price target.
Finally, concerns have been raised over the possibility of XRP exchange-traded funds (ETFs). Jones does not provide a definitive stance on the matter but notes that the approval of spot Bitcoin ETFs by the SEC could pave the way for similar offerings in the XRP market.
At the time of writing, XRP was trading at $0.51 with a modest gain of 1.99% in the past 24 hours.
