Ripple has lately been taking the crypto world by storm. The token is unstoppable in terms of its stellar price approach and has emerged as a sectoral beacon by attracting novel global collaborations. Now that the token is free from the shackles of the SEC’s scrutiny and approach, here’s how XRP may end up performing in the coming months.
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Could XRP Be The Next Bitcoin? CEO Brad Garlinghouse Answers
Brad Garlinghouse, CEO of Ripple, has once again shared his views on XRP’s projected price path. In an interview with Bloomberg TV, Garlinghouse shared that Ripple has always worked in sync with regulators.
Garlinghouse later outlined that XRP can solve a trillion-dollar issue and that the token has always strived to work within the prescribed legal network. He further shared how institutions or people have a lot of opportunities to create value in XRP.
Without the usual regulatory scrutiny the XRP has been battling for over four years, the token is now free to carve its price.
Ripple has always shown interest in scaling XRP as an asset capable of peaking institutional interest. In one of the interviews, Ripple’s former head of infrastructure innovation, Dilip Rao, shared how XRP is made for institutional adoption.
“It’s chicken and egg; you have to create a marketplace. And right now, we have 152 global exchanges around the world that trade XRP. A lot of it, as you say, is very shallow trading by individuals, and that is not the use case that we are pursuing. What we are pursuing is the use of XRP as a financial asset by sophisticated institutions as a bridging mechanism. In the last quarter, the bulk of XRP sales were institutional. And as this transitions away from retail to institutions, we’ll start to use it for wholesale, for financial usage.“ Dilip Rao
XRP: AI Sets Price for Ripple August 20
Given XRP’s recent achievements, AI has set a price for XRP for August 20.
According to CoinCodex, XRP may peak around $0.60 by August 20, rising 14%.
At the same time, the token is predicted to hit the $0.61 mark by August 21.
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“The XRP price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these XRP projections, XRP will be changing hands at $0.687264 on August 21, 2024, gaining 18.62% in the process.”