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XRP Price on Verge of Major Milestone, Is $3 Imminent?
The price of Ripple’s native cryptocurrency, XRP, has been making significant strides in recent times. As the asset continues to gain traction and adoption, it is not surprising that many experts are now predicting a major milestone for the currency.
In a shocking development, many asset managers have filed applications for a spot XRP ETF. If approved, this product will open up XRP to more investors under regulated conditions. This could potentially trigger an intense capital influx into the cryptocurrency, much like it did with Bitcoin and Ethereum in the past.
The implications of this are profound. With increased exposure and adoption, it’s not hard to imagine XRP’s price skyrocketing in the long term. In fact, some experts are already predicting a potential surge to $3 or higher.
While it is impossible to predict with certainty what will happen to the price of XRP going forward, there is no denying that these developments have the potential to create significant market movements.
Source: u.today
