An XRP community commentator has highlighted four pivotal events that he believes could propel XRP to an ambitious price of $59,873.
1. Ripple v. SEC Settlement Announcement:
– The first event is the announcement of a settlement between Ripple and the U.S. SEC in their ongoing legal battle. While the SEC demands nearly $2 billion in penalties, Ripple argues for a significantly lower amount.
– XRP King believes that if a settlement is announced, XRP could surge to $18.57, marking a 3,577% increase from the current price of $0.5049.
2. Bank Partnership and Integration of XRP:
– XRP was initially known as “the banker’s coin” due to its utility in cross-border banking transactions. Despite the legal challenges, some believe that regulated financial institutions are waiting for the lawsuit between Ripple and the SEC to conclude before integrating XRP.
– If such integrations occur, XRP King expects XRP to increase by 1,285% from $18.57 to $257.21.
3. Ripple IPO:
– The XRP community is eagerly anticipating an Initial Public Offering (IPO) from Ripple. While discussions around an IPO have intensified, Ripple CEO Brad Garlinghouse has indicated that it might not happen soon.
– However, if an IPO were to occur, XRP King sees it as a catalyst for a substantial rally, with XRP potentially reaching $3,748, marking a 1,357% increase from the projected $257.21 price.
4. Global CBDC Integration of XRP:
– XRP’s potential in the cross-border payments sector has attracted attention from leading financial institutions. Ripple has been actively sealing partnerships with regions for their CBDC projects.
– If XRP integrates with CBDCs and serves as a bridge currency for settlements, XRP King predicts a surge from $3,748 to $59,873.
While these projections are ambitious, they are not necessarily feasible. It’s essential to remember that the crypto market is unpredictable, and investors should not consider these price targets as investment advice.
