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XRP Price Prediction: Could a 700% Rally Push XRP to Double Digits?
Despite a recent price dip of 7.50%, analysts remain optimistic about the prospects of Ripple’s XRP, forecasting a potential breakout fueled by a surge in institutional investment and an increased interest in decentralized finance (DeFi) applications.
The forecast comes as XRP prices plummeted by over 10% in the past seven days, amid concerns surrounding the global economic downturn. However, experts have emphasized that this dip is merely a correction from the cryptocurrency’s recent upward momentum.
The prediction suggests that if the crypto market remains buoyant and institutional investors continue to pour capital into XRP, the asset could potentially increase by 700% in value, placing it firmly in double digits.
This optimistic outlook has been fueled by rumors of an imminent launch of an XRP exchange-traded fund (ETF), which would bring about a wave of new capital from accredited investors and hedge funds.
