Veteran Bitcoin investor Pumpius has forecasted that XRP could surge to $50 within the next five months, driven by nine key factors. These include the SEC's expedited ETF approvals, Ripple's legal victory over the SEC, and its global expansion efforts. Pumpius also cites institutional partnerships and technical indicators suggesting tightening liquidity and potential for a sharp price breakout as significant contributors to this potential rise.
Despite these optimistic projections, some analysts express skepticism, highlighting that reaching a $50 price point would necessitate a 1,566% increase in XRP's value, pushing its market cap to nearly $3 trillion, which would surpass Bitcoin's current valuation.
Veteran Investor Predicts XRP Could Hit $50 in Five Months
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