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Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Aug 11, 2023 06:16 UTC
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XRP Price Prediction: Is $1,896 Realistic or a Distant Dream?
Ripple's XRP sparks controversy over its $1,896 price potential amid doubts and ISDA connection.
Collaboration with ISDA could boost XRP's value to $1,896, says Bradley Kimes.
Regulatory issues, market glitches, and new variant XRP20 complicate XRP's journey, leaving traders uncertain.
Ripple’s XRP token has ignited a fiery debate within the financial world, as discussions swirl around the possibility of its value surging to an astonishing $1,896, even in the face of a bearish market trend.
However, concerns about potential hidden motivations to boost sales have emerged, centering on XRP’s association with the International Swaps and Derivatives Association (ISDA).
Will this Boost XRP’s Price?
Bradley Kimes, a prominent voice from Digital Perspectives, has shed light on Ripple’s partnership with ISDA. Kimes has put forth the notion that widespread adoption of XRP could act as a powerful catalyst, driving its value to the remarkable $1,896 mark. He underscores the pivotal role that adoption plays in this scenario.
This intriguing projection hinges on the concept that XRP might carve out a 10% share of the immense $1 quadrillion derivatives market. Achieving this feat would entail handling a staggering sum of about $100 trillion in transactions. If such an ambitious goal were achieved, it could catapult XRP’s market capitalization by a staggering 2,865-fold, ultimately leading to the estimated value of $1,896 per XRP token. However, the question of feasibility looms large, particularly in the midst of a bearish market climate.
Skepticism in the Air
However, not everyone is on board with this rosy projection. Critics raise pertinent doubts about the feasibility of all XRP derivative trades functioning simultaneously. Additionally, they point to the ongoing legal tussle between the SEC and Ripple, which has already chipped away at XRP’s market capitalization by a substantial $10 billion due to regulatory uncertainties.
XRP’s recent return to the Gemini exchange was not without its share of hiccups. A brief surge led to a momentary price spike of $50, sparking concerns about the token’s stability. This incident triggered alternative discussions about its future trajectory. Meanwhile, a fresh contender named XRP20 has entered the scene, presenting a new token variant that aspires to outshine XRP’s initial launch gains. In its presale phase, XRP20 tantalizingly promises the potential for a tenfold return on investment.
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