0
Please log in or register to do it.

Ripple’s sustained expansion in global partnerships stands out as a crucial factor contributing to a potential surge in XRP in 2024. Over the previous year, Ripple Labs announced pivotal collaborations, extending its reach into the United Kingdom, Asia, and Africa.

 

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has been a dominant narrative in recent years. Heading into this year, the lawsuit has gained significant momentum, leading many to anticipate a resolution sooner rather than later.

 

Another compelling factor influencing the potential surge in XRP’s price is the structure of transaction fees and the asset’s supply. XRP boasts an attractive average transaction fee of $0.0014 for cross-border payments, presenting a significant advantage that could be leveraged throughout the year.

 

While not guaranteed, the possibility of a Ripple Initial Public Offering (IPO) in 2024 serves as a strong catalyst for an upswing in XRP prices. The likelihood of such a development is contingent on a favorable outcome in the ongoing SEC trial mentioned earlier.

 

 

 

These factors collectively indicate that despite recent challenges, Ripple’s XRP holds potential for substantial value growth in the year ahead.

Decline in GBTC Outflows Signals Potential Positive Trend for Bitcoin ETFs
SEC Extends Review Timelines for Grayscale and BlackRock Ethereum ETFs

Your email address will not be published. Required fields are marked *