These Factors Will Drive XRP Price To $25-$75 In June – Analyst 💹
A crypto analyst forecasts XRP's price may reach $25-$75 in June, propelled by key bullish factors. Notably, Elon Musk's introduction of X payments could enhance XRP's real-world usage and adoption, particularly if it becomes a digital currency on the platform.
Additionally, the "Genius Act," a proposed regulatory bill, could remove digital asset restrictions, facilitating XRP's growth. The resolution of the US SEC lawsuit is another significant catalyst, potentially ending regulatory uncertainties that hindered XRP's expansion.
From June to August, the launch of XRP Exchange Traded Funds (ETFs) and the ISO 20022 messaging standard implementation are expected to drive institutional demand and price escalation. The analyst warns of possible market manipulation during this bullish trend, emphasizing industry dynamics and investor sentiment also play a role in XRP's outlook.
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