Crypto Blog
Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development.staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1 and keep it running to XRP’s all-time high price of $3.50.🚧 Key Resistance: $1 – both a structural barrier and psychological hurdle.That’s very bullish, but not unheard of in crypto markets.
So the SEC Ripple lawsuit has been raging for years, but finally showed signs of settling last summer when a sweeping series of legal wins came one after another until the end of last year. While those figures may seem astonishing, the SWIFT international payments system used by financial institutions like those Ripple serves processes some $5 trillion a day in transaction volume.One very exciting development for Ripple, which could have a positive impact on XRP price, is growing interoperability with Ether. That’s because Ethereum is the current DeFi leader in Web3.
That might be bullish for XRP price because the easier it is to use and spend your Ether to get service from an XRPL Dapp or vice versa— the easier it is to spend your XRP tokens directly to the Ethereum Virtual Machine and pay for service— the more value your ETH and XRP tokens have on the market.Moreover, XRP Ledger has made big strides in Korea and Japan this month.
“The launch of this fund is a testament to Ripple’s strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation,” Ripple Vice President of Strategic Initiatives Emi Yoshikawa said in a press release.Ripple network transaction volume on XRPL saw a massive spike earlier this month to levels unseen since February, according to on-chain data.
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