Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?
2023年11月22日 - 11:00PM
NEWSBTC
XRP, the native token of Ripple, is poised to take part in a $1.2
quadrillion derivatives market following Ripple’s integration into
the ranks of the ISDA ushers. XRP To Enter The $1.2
Quadrillion Derivatives Market Earlier in August 2023, Ripple, a
crypto payments solution, announced its membership with the
International Swaps and Derivatives Association (ISDA). The
strategic move came as a pleasant surprise to XRP community
members, as it positioned XRP to fully partake in the massive $1.2
quadrillion derivatives market. Related Reading: Ethereum
Exchange Supply Drops To 5-Year Lows, What This Means For Price
Ripple’s entry into this prestigious club is seen as a significant
milestone, allowing the crypto payments company to stand alongside
financial giants such as J.P Morgan, Goldman Sachs, and the London
Stock Exchange. Many XRP enthusiasts are looking forward to a
bullish outlook for the XRP token. Some have even mulled over the
possibility of XRP breaching the $100 threshold. These expectations
are fueled by considerations that a successful performance in the
derivatives market could serve as a catalyst for significant price
movement in the cryptocurrency. Presently, the price of XRP
has not shown any notable price growth, even with speculation that
a Ripple IPO is imminent. Nevertheless, enthusiasts remain
vigilant, closely observing the cryptocurrency for any developments
that could propel its price upwards. A $100 milestone, if achieved,
has the potential to further strengthen the altcoin’s position in
the crypto space. Prediction Suggests $100 Price Increase The
potential Ripple Initial Public Offering (IPO) and the near
resolution of the lawsuit between Ripple and the United States
Securities and Exchange Commission (SEC), have generated positive
sentiment about XRP’s future price. Some analysts have predicted
large-scale price increases as high as $5,000 for a single XRP
token in the future. Related Reading: Global Banks Are Betting Big
On XRP, Report Shows One notable prediction by an X (formerly
Twitter) influencer stated the price of the token was poised to
reach $100. He used metrics from Bitcoin’s upsurge from $0.01 to
$69,000 in 2021 as a basis for his prediction, highlighting the
unpredictability of cryptocurrencies skyrocketing. There have
been other recent price predictions that show XRP projecting to
$10. Changelly predicts that the altcoin’s price will breach its
previous all-time high by 2027, and expects that the token’s price
will rise above $10 by 2030. The price of XRP, at the time of
writing, is trading at $0.595 according to CoinMarketCap. The price
value is more than 83% below its all-time high of $3.84 in
2018. Price suffer amid crypto market troubles | Source:
XRPUSD on Tradingview.com Featured image from Coingape, chart from
Tradingview.com
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