Experts are very positive about the future price of XRP, and some believe it could reach $4 soon.

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• Analysts feel positive about XRP because a recent SEC decision cleared up rules and made it easier for big investors to get involved.
• XRP has partnerships with more than 300 financial institutions and might be part of new central bank digital currency projects. Even though it’s been going up and down recently, some people think its value could rise to around $4.

Analyst Poseidon said that “XRP is likely to reach $4 faster than we expect” and asked his followers to look at the charts showing signs of rising prices.

Clear rules boost hope for XRP’s future

People are feeling positive about XRP as it is trading at about $2. 79It is showing different trends after breaking through important resistance points.

An analyst named “Dominus” explained why he is optimistic about XRP. He pointed out that the settlement of the SEC lawsuit has cleared up a lot of confusion about regulations.

The court’s decision that XRP is not a security has opened the way for big investments that were held back because of legal worries.
Domnius noted that XRP stayed in the top 10 cryptocurrencies by market value during the time of the SEC lawsuit.

The analyst said that XRP did not do well in the 2021 market because of rules and regulations. They believe that there is a lot of interest building up, which could lead to a big increase in its price.

Clear rules have created new opportunities for big financial products, leading to talk about a possible XRP ETF.

Ripple works with more than 300 banks and financial organizations around the world, which helps ensure it will be valuable in the long run.

The European Central Bank has tried out the Ripple network and talked about it in official reports. Bank of America and other big banks are looking into ways to use it.

Analyst mentions XRP’s past strong performance

Dominus observed that XRP’s price went up by 60,000% in 2017, showing that the cryptocurrency can rise a lot when the market is good.

The analyst said that the current situation has similar chances for success now that the rules are clearer.

The timing matches up with the progress being made on central bank digital currencies, especially the European Central Bank’s plans to introduce a digital currency by the end of the year.

XRP’s system makes it important for launching digital currencies from different countries.

In the middle of different market results, the XRP price has fallen more than 7% in the past week.