XRP News Today: A $111 XRP price prediction now begins to fuel optimism as the cryptocurrency hit $3.02 Wednesday morning.
Now an analyst’s bold XRP price prediction has investors more excited than ever.
Combined with the departure of SEC Chair Gary Gensler and the welcoming of pro-crypto president, the crypto market might just get that boost in liquidity it’s been missing.
XPR Price Prediction: A Bold Forecast by Javon Marks
Analyst Javon Marks has made headlines with his bold prediction that XRP could soar to $16.50 in its next phase, by some time in March.
This forecast also suggests a staggering potential gain of over 7,200%, which could place XRP’s price between $111 and $168 during its following phase.
Marks bases this optimistic outlook on historical price cycles, indicating that the current market movement reflects the potential for a full bullish run.
If the year 2025 brings a full on bull market, it’s very possible we may see XRP trade at these prices this year.
Ripple’s Strategic Moves: Strengthening Market Position
Ripple has been proactive in solidifying its position within the evolving crypto landscape.
The company recently received final approval from the New York Department of Financial Services (NYDFS) for its stablecoin, RLUSD, which is pegged to the U.S. Dollar.
This approval is expected to enhance Ripple’s digital payment platform, potentially attracting a broader user base and increasing XRP’s utility in the market.
Leadership Engagement: Shaping the Future of Digital Assets
In a significant move, Ripple’s leadership has been actively engaging with the incoming administration.
CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty recently met with President-elect Donald Trump.
This meeting signals a potential alignment of interests and a collaborative approach to shaping the future of digital assets in the United States.
A Shift in Operations: The “Trump Effect”
Garlinghouse announced a strategic shift in Ripple’s operations, attributing this change to the anticipated “Trump effect.”
He noted that 75% of Ripple’s current job openings are now U.S.-based, a striking change from previous years when most hires were international.
This pivot is in response to expected pro-crypto policies under President-elect Trump, which Garlinghouse believes will foster innovation and job growth in the U.S. economy.
Renewed Focus on the Domestic Market
In a positive sign for the company, Garlinghouse highlighted that Ripple has signed more U.S. deals in the last six weeks of 2024 than in the previous six months combined.
This renewed focus on the domestic market is a significant turnaround from a few years ago when Ripple considered relocating its global headquarters outside the U.S. due to regulatory pressures.
At that time, 95% of Ripple’s customers were based internationally, reflecting the company’s cautious stance towards U.S. regulatory uncertainty.
Optimism for Blockchain and Cryptocurrency
The current optimism in the market stems from expectations that the incoming administration will create a more favorable environment for blockchain and cryptocurrency businesses.
Garlinghouse has been vocal in criticizing the U.S. Securities and Exchange Commission (SEC) under former Chair Gary Gensler for what he describes as the “effective freezing” of Ripple’s domestic opportunities for years.
He anticipates significant changes in the regulatory landscape following the November 2024 election results.
A Strategic Pivot for Future Growth
This strategic pivot is part of Ripple’s broader plan to reinvest in its home market, particularly in engineering and product development roles.
Industry watchers note that this move signifies a renewed sense of optimism among blockchain and cryptocurrency businesses in the U.S. Businesses and investors should closely monitor these developments, as they are likely to influence the broader adoption and integration of digital assets into the financial ecosystem.
With strong tailwinds emerging, many believe that XRP is poised to outperform in this crypto market cycle.
As a leading altcoin, XRP is on track to achieve a new all-time high this year, making it an exciting asset to watch as the market evolves.
For more Daily Crypto News and updates like this, join the newsletter or opt-in for push notifications.
Now Introducing: XRP News
Follow us on CoinMarketCap, Facebook, X, or Instagram.
Also Read: IRS Now Delays Crypto Tax Reporting Requirements Until 2026
Support independent journalism by sharing this article.
About The Author
Leave your thoughts below.
Read Daily Market News – https://franknez.com/ for more news and updates like this.