XRP continues to attract attention with developments surrounding Ripple $3. A prominent figure in the crypto world predicts that XRP could reach up to 16 dollars in the future, potentially surpassing Ethereum $3,121. These forecasts have created a positive atmosphere in the market.
Potential for XRP to Surpass Ethereum
Ben Armstrong, known in the crypto world as BitBoy, stated that XRP could exceed 16 dollars. According to Armstrong, by 2025, XRP may outpace Ethereum in market value. The price of XRP could fluctuate between 16.50 and 22 dollars. The widespread use of Ripple in the banking sector stands out as a significant factor differentiating XRP from Ethereum.
Armstrong emphasized that “XRP is not directly competing with Ethereum. It is progressing in its own lane. While Ethereum competes with other projects, XRP is solidifying global banking partnerships.”
Progress in Ripple – SEC Case
Armstrong believes that a resolution to Ripple’s legal battle with the SEC could create opportunities for XRP to surpass Ethereum. The SEC’s lack of discussion regarding whether XRP is a security increases expectations for XRP’s strong position in the legal process.
XRP’s Global Role and Partnerships
XRP draws attention as a cryptocurrency focused on cross-border payments and liquidity. Armstrong recalled that XRP briefly surpassed Ethereum in 2018, suggesting that this could happen again. The strong partnerships established by Ripple may lead to a significant increase in the value of XRP.
“XRP has not made a major price movement yet, but when it does, it can surpass Ethereum,” Armstrong noted.
Meanwhile, Ripple’s CEO Brad Garlinghouse made significant statements regarding XRP and other developments, sharing information about Ripple’s stablecoin RLUSD launch, the XRP ETF, and the SEC lawsuit.
Market Movements
At the time of writing, XRP’s price dropped 4% to 0.5354 dollars, with trading volume decreasing by 5% to 1.12 billion dollars. However, in the last 24 hours, XRP reached 0.5594 dollars, catching investors’ attention. Elon Musk’s interest in XRP also contributed to this increase.
Chris Larsen, one of Ripple’s founders, faced criticism for donating 10 million dollars in XRP to Kamala Harris’s campaign. This move sparked speculation about SEC Chairman Gary Gensler’s stance on crypto innovation.
In conclusion, the expansion of XRP’s use cases and its strong partnerships indicate significant potential for the future. The resolution of Ripple’s legal issues and potential ETF approvals could positively impact XRP’s value.
XRP is expected to reach 16 dollars, and discussions about surpassing Ethereum are ongoing.