XRP aiming for $5? Analysts say this rival $0.07 altcoin could be hot on its heels
The post XRP aiming for $5? Analysts say this rival $0.07 altcoin could be hot on its heels appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP faces setbacks from the SEC and outdated frameworks, while Remittix emerges as a new leader in cross-border payments. XRP is one of the few cryptocurrencies that has actual utility. However, that utility has never been applied. There are two reasons for this. The first is the SEC, which spoiled XRP’s fun and the second is that XRP tries to play within existing frameworks when an entire industry overhaul is needed. While Ripple’s enthusiasts claim that the XRP price can reach $5.00, the market is much more conservative, especially in light of Remittix, a new PayFi token that is already showing XRP how cross-border payments should be made. XRP: XRP price suffers from SEC overreach The XRP price should have been at $5.00 by now. Instead, it’s at less than half of that. The obvious reason for the low XRP price is the vindictive nature of the SEC case against Ripple Labs. The SEC has tied up XRP in a lawfare suit, which has stymied growth. This is evident in how XRP exploded right after Trump got elected and the writing was on the wall for the SEC. But why has XRP not gone further yet, even now that it is free to roam? The other thing suppressing XRP’s hopes of $5.00 is that it is playing within the system. XRP was designed for cross-border payment and to do that, it works within the global banking system. This is not a great plan, as crypto’s entire ethos is to break existing structural systems, and the international banking system is one of the things crypto aims to subvert. While it is true that there are still miles to go before…
The post XRP aiming for $5? Analysts say this rival $0.07 altcoin could be hot on its heels appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP faces setbacks from the SEC and outdated frameworks, while Remittix emerges as a new leader in cross-border payments. XRP is one of the few cryptocurrencies that has actual utility. However, that utility has never been applied. There are two reasons for this. The first is the SEC, which spoiled XRP’s fun and the second is that XRP tries to play within existing frameworks when an entire industry overhaul is needed. While Ripple’s enthusiasts claim that the XRP price can reach $5.00, the market is much more conservative, especially in light of Remittix, a new PayFi token that is already showing XRP how cross-border payments should be made. XRP: XRP price suffers from SEC overreach The XRP price should have been at $5.00 by now. Instead, it’s at less than half of that. The obvious reason for the low XRP price is the vindictive nature of the SEC case against Ripple Labs. The SEC has tied up XRP in a lawfare suit, which has stymied growth. This is evident in how XRP exploded right after Trump got elected and the writing was on the wall for the SEC. But why has XRP not gone further yet, even now that it is free to roam? The other thing suppressing XRP’s hopes of $5.00 is that it is playing within the system. XRP was designed for cross-border payment and to do that, it works within the global banking system. This is not a great plan, as crypto’s entire ethos is to break existing structural systems, and the international banking system is one of the things crypto aims to subvert. While it is true that there are still miles to go before…
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