XRP Might Now Reach A Price Range Of $10-$15

XRP might now reach a price range of $10-$15 due to two key factors driving its wealth according to a cryptocurrency analyst.

A well-known cryptocurrency analyst, WallStreetBulls (@w_thejazz), has pointed out key developments within the XRP ecosystem that could lead to significant growth for the asset.

In a recent post on X, he highlighted the recent approval of the XLS-66d amendment and the potential launch of an XRP-focused exchange-traded fund (ETF) as major catalysts for increasing XRP’s value.

The XLS-66d amendment introduces decentralized lending to the XRP Ledger (XRPL), which allows users to conduct peer-to-peer financial transactions without intermediaries.

WallStreetBulls believes this upgrade is crucial, as it could attract institutions to the XRPL for loan activities, enhancing the platform’s functionality and competitiveness in the decentralized finance (DeFi) space.

This could lead to improved liquidity and greater user engagement, making XRP a more versatile asset in the financial markets.

Additionally, the growing speculation about XRP ETF approvals is generating positive sentiment.

An approved ETF would provide traditional investors with easier access to XRP through regulated markets, likely driving up demand.

WallStreetBulls suggests that these developments could push XRP’s price to the range of $10 to $15.

Ripple’s upcoming stablecoin, RLUSD, is also seen as a significant factor for XRP’s growth.

WallStreetBulls noted that RLUSD could enhance the adoption of Ripple’s technology and further integrate with the XRPL, benefiting XRP’s value and use within the ecosystem.

Overall, the combination of the XLS-66d amendment, potential XRP ETF approvals, and the introduction of RLUSD presents a promising outlook for the XRPL, likely attracting both retail and institutional investors seeking innovative blockchain solutions.

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Also Read: XRP Now Surpasses The $1 Threshold For The First Time Since 2021

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Frank Nez

Frank Nez is an American retail journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

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