Since its inception, XRP is a popular cryptocurrency. source The crypto-community is a hotbed of speculation, partly due to the SEC’s involvement.
XRP’s legal fight has helped it gain a prominent position, but has not done much to help its price or allow the token to reach reasonable price levels in recent times.
The dominance of XRP in the crypto-space is not deterred by the escalating court cases or their appeals. This token is currently one of the top-selling tokens within the crypto world.
Here’s how Ripple will beat all odds to reach $1, despite the doubling of speculation on XRP.
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3 Reasons why XRP may hit $1 soon
![rIPPLE](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/3-Reasons-Why-Ripple-May-Hit-1-Soon.jpg)
Ripple’s prolific spree of corporate alliances
Brad Garlinghouse is the CEO of Ripple and has worked tirelessly to ensure XRP dominates beyond vertical corporate lines. Garlinghouse, along with his team of experts at Ripple, ensured that Ripple was able to have a diverse array use The cases work Shape the token work It is important to think holistically, and simultaneously with many spheres.
Ripple’s alliances are stellar financial Bank of Japan giants, Santander and SBI Remit provide new use cases for XRP, helping it to grow beyond normal finance. The use case could play a key role in determining the future trajectory of the XRP token, as it will help the token trade and reach the $1 threshold soon.
Ripple Adoption
Ripple has recently launched a stablecoin based on XRP, which the community can explore and use. Ripple launched the stablecoin while it was involved in an SEC case. The token is a symbol of the firm’s belief in itself and its ability to withstand the test of time.
Adoption of stablecoins will be crucial in XRP’s ability to gain a steady momentum on the market. It is expected that the move will stabilize the XRP price. This development could also allow it to break through several price barriers and trade at $1.
Verdict in the Ripple-SEC Case
The Ripple-SEC lawsuit has been a major factor in the price of the XRP token for two years. Recent volatility has made the token extremely unpredictable.
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The court has now begun to move towards a narrative of penalty payments. The court would then have to consider the SEC’s recent demand that Ripple pay $2 billion. After the ruling, there will be a calmer atmosphere, which fuels the hopes of an imminent closure. This may contribute to XRP’s unhinged increase in price, allowing the token to pass $1.
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Source: watcher.guru