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XRP to $12.50: Standard Chartered Issues Epic Price Prediction
In a bold move, financial giant Standard Chartered has issued a price prediction for XRP, stating that it could potentially reach as high as $12.50 in the future. This astonishing forecast comes as a significant boost to the cryptocurrency’s value and highlights the bank’s confidence in its potential.
Despite the ETF launch, XRP’s price remained unchanged in the short term, dropping 4% in the past 24 hours. However, Standard Chartered believes that this dip is merely temporary and that the digital asset will eventually regain momentum.
The bank emphasizes the importance of XRP’s real-world utility as a critical driver of long-term growth. The cryptocurrency has been increasingly adopted by financial institutions across multiple countries for faster and cheaper remittances, which could lead to increased demand and drive up its value.
Furthermore, the U.S. Securities and Exchange Commission (SEC) recently dropped its appeal in the long-standing case against Ripple Labs, bringing a sense of clarity to the market that will undoubtedly help XRP’s prospects.
In light of this development and the new ETF, Standard Chartered is convinced that XRP is finally poised to realize its ambitious projections and surpass expectations.
Source: https://u.today/xrp-to-1250-standard-chartered-issues-epic-price-prediction
