Ripple’s Future Outlook: Analyst Expresses Optimism Regarding XRP’s 12-Month Performance

Pundit is Bullish for XRP Over the Next 12 Months. Here’s Why

Cryptocurrency enthusiast and analyst Solomon Odunayo has expressed optimism about Ripple’s XRP token, stating that he is “very bullish” over the next 12 months. In a recent exchange on Twitter, Way elaborated on the reasons behind his positive outlook.

According to Way, Ripple’s pursuit of a national trust bank charter is crucial in formalizing its role as custodian of RLUSD reserves under federal oversight, thereby attracting larger institutional participants and enhancing credibility. Additionally, the analyst highlighted the potential benefits of international expansion, which would enable the introduction of RLUSD, XRP, and related services more quickly in regions where digital asset regulations are already established.

The successful conclusion of Ripple’s litigation with the SEC has also contributed to Way’s optimistic stance on XRP. He believes that this development has cleared a significant hurdle for the company, enabling it to focus on scaling its stablecoin, RLUSD, within a compliant framework.

It appears that Way is not only focused on the regulatory environment but also acknowledges the need for Ripple to adapt operational models to fit jurisdiction-specific requirements. This could potentially lead to the widespread adoption of XRP in various markets.

The analyst’s prediction comes as Ripple continues to advance its stablecoin and blockchain-based payments infrastructure, aiming to solidify its position in both the stablecoin sector and cross-border settlement markets.

Source: timestabloid.com