Ripple growth in the last 8 months has been a subject of interest following the November 2023 spike that saw it take a 600% rally. However, while the crypto market shakeup has seen the XRP price recede a bit lately, experts believe the expansion steps of the Ripple Lab could see the XRP hit a new high soon.
With Ripple's recent legal victories and rising strategic partnerships, analysts believe the price could surge to $50 by 2026, posing a potential 20x growth from its current price.
Here is a proper look into factors set to help the XRP price surge, and other factors that could pose challenges along the way.
The Ripple Lab has made strong partnership moves in the last few years, setting the stage as a significant focus in cross-border payment. These partnerships include top financial organizations like Santander, Bank of America, and SBI Holdings, setting up Ripple as a major focus in crypto payments.
However, this expansion approach has been further strengthened in the last few months with the recent dropping of the SEC appeals, pushing a stronger narrative of a potential XRP ETF approval.
The rising institutional adoption has kept the Ripple price above $2 for the last 6 months, even in the face of a global trade crisis. However, with about 80% of Japanese Banks moving towards adopting XRP as a major tool for cross-border settlement this year, experts believe the price is poised to go even higher. This comes with RippleNet's on-demand liquidity, which integrates the RLUSD to boost cross-border remittance efficiency.
While institutional adoption, strategic partnership, and ETF approval fuel an XRP price surge, investors are still divided on whether XRP can truly reach $50 before 2026. But, following how the XRP price has historically set a 19,000% surge in a year between 2017 and 2018, this could be a template that it might be able to build on again.
However, for the XRP price to hit $50, a strong whale force will be required to see the market cap rise beyond $2.7T from the current $129B.
As the Ripple Lab continues to dominate crypto cross-border payment, the Remittix project is proving it could be a major competitor with utilities that take all users into account. The Remittix utility primarily allows users to send fiat currencies to bank accounts across the world using their crypto holdings. This includes support for businesses through the merchant account, making Remittix a solution that could revolutionize crypto transactions.
Following the Remittix solution and the rising acceptance rate lately, the $RTX token rise in the crypto world could cause a massive blow to the XRP price surge as more people use $RTX for payment. This has also led to a rise in investment in the Remittix $RTX token, with a footprint of whales across the crypto market.
Notably, while XRP's $50 target seems ambitious, the propositions of the Remittix coin show it could give investors a higher reward as it opens an early investment opportunity.
Here are the links to help you get started with Remittix:
Website: https://remittix.io/
Socials:https://linktr.ee/remittix
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