12.5 C
September 27, 2023
BTC Hunts
Image default

Ripple News: Top Reasons Why XRP Price Might Initiate a Fresh Rally Soon

The post Ripple News: Top Reasons Why XRP Price Might Initiate a Fresh Rally Soon appeared first on Coinpedia Fintech News

There’s a buzz around XRP, and it’s not just hype. Esteemed crypto specialist Aaron Arnold and leading NFT artist Ragzy have highlighted the untapped potential of XRP, foreseeing its imminent surge. Uniquely positioned, XRP is not just another crypto coin but a platform that can reshape the landscape of digital art trade with its low-cost, high-speed transactions.

The XRP Ledger: An Unseen Goldmine

Ragzy, known for her pioneering spirit, places a bet on XRP for her next NFT venture. The XRP ledger’s freshness in the NFT space is paired with unmatched transaction speeds, characteristics not found in other popular chains like Ethereum or Polygon. This, in conjunction with low transaction fees, provides an enticing framework for artists and investors alike.

Ragzy leverages the nascent XRP Ledger for her art. This move underlines her belief that the XRP ledger holds promise as a budding ecosystem for NFTs. Despite its late entry into the NFT world due to its decentralized nature, the XRP Ledger’s undervalued state could be the lull before a storm.

Anticipated Crypto Bull Run and XRP’s Role

The narrative around XRP’s future value remains intertwined with the outcome of Ripple’s ongoing lawsuit. If victorious, there’s a broad consensus that XRP will experience an uptick in value. Moreover, Ripple’s impressive international network of partners could shield it from a total collapse even if the lawsuit doesn’t go its way.

Ripple’s recent acquisition of a $250 million company, along with the BlackRock ETF’s interest in Bitcoin, are indicators of the sector’s bullish potential. This scenario, combined with the potential legal victories, could propel XRP’s price to its previous all-time high of around $3. The imminent crypto bull run, coupled with a favorable legal outcome, could even see XRP crossing the $5 mark.

As Ragzy suggests, the ongoing bear market could limit how high the prices can surge, even with positive news. However, the endgame of the bull market could see the game-changing, setting the stage for XRP to reveal its latent value.

Related posts

Top 5 Best Bet Altcoins To Watch This April

Leslie Kim

Dogecoin Price Clears Key Resistance Level But Still Struggles To Hold Uptrend! Here’s What’s Next

Leslie Kim

Here’s What Next For Solana (SOL), Sushi (SUSHI) And Polkadot (DOT)

Leslie Kim