HomeNewsInvestor Sentiment and $1,896 XRP: Are They Aligned?

Investor Sentiment and $1,896 XRP: Are They Aligned?

- Advertisement -
  • An analyst envisions XRP soaring to $1,896 due to its potential in capturing 10% of the $1 quadrillion derivatives market.
  • Some community members question the likelihood of this prediction, given the complexities of market dynamics.

Analyst’s Bold Forecast Anchored in Ripple’s New Association

The recent announcement of Ripple’s association with the International Swaps and Derivatives Association (ISDA) has sparked a wave of speculation among crypto experts about the future potential of its native token, $XRP.

Digital Perspectives, a respected crypto commentator on the microblogging platform X (previously Twitter), fueled this speculation with a striking forecast. The prediction suggested that XRP could reach an astounding valuation of $1,896 per token.

- Advertisement -

Another community enthusiast elaborated on the math behind this bullish projection. By capturing just 10% of the derivatives market, which currently stands at an impressive $1 quadrillion, XRP’s market capitalization would witness a monumental shift. Translating this to real numbers, if XRP processes transactions worth $100 trillion (considering its current market cap is $34.9 billion), its market cap would necessitate a growth by about 2,865 times, hence arriving at the projected $1,896 per token.

However, not everyone in the crypto community shares this enthusiasm. Critics argue the underlying assumption that derivative transactions would use up the entire circulating supply of XRP is far-fetched.

>> Buy XRP quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with XRP now. Visit Website <<

Interpreting Market Dynamics and Legalities

- Advertisement -

It’s pivotal to recognize the myriad factors influencing XRP’s pricing. Recent events have cast shadows over XRP’s market stature. Its market cap plunged nearly $10 billion following a ruling by Judge Analisa Torres that the cryptocurrency doesn’t squarely fit into the ‘security’ classification.

Yet, another twist emerged with U.S. District Judge Jed Rakoff’s critique, challenging Judge Torres’ distinction between institutional and retail sales of cryptocurrencies. Rakoff cited discrepancies in the application of the Howey test, a renowned metric used to determine if assets qualify as securities. This discord was magnified when Rakoff’s stance was considered in the backdrop of a parallel legal tussle involving popular crypto exchange Coinbase and the SEC.

Post-Judge Torres’ pronouncement, XRP witnessed reinstatement on leading exchanges such as Kraken, Coinbase, and Gemini, aiding its liquidity boost.

Best Crypto Exchange for Everyone:

  • Invest in Ripple (XRP) and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
- Advertisment -spot_img