John Squire expressed optimism that XRP’s increasing price could lead to early retirements for numerous investors. This prediction has sparked speculation in the crypto community about an upcoming market rally.
A significant SEC meeting may clarify Ripple’s ongoing lawsuit, positively influencing XRP’s value. Moreover, analysts indicate a 75% chance of an XRP ETF approval this year, which could further boost its price.
Despite a recent 5% price drop after the release of 1 billion XRP tokens, trading volumes remain strong, with a 76% increase in derivatives trading. This activity suggests continued investor interest in XRP.
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