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XRP Could Reach Historic Peak In 2024: Here Are The Possible Reasons!
Ripple's native token has grown by an average of 80% since the beginning of XRP year. The most important reason for this rise in the token price seems to be related to the decision of a district court in the US in favor of Ripple. The altcoin was one of the few assets that failed to reach its peak price during the 2021 bull run, according to analysts, mainly due to a lawsuit filed by the SEC.
However, there is actually a possibility that XRP will reach an all-time high in 2024. Many market analysts continue to predict a bull run for cryptocurrencies in 2024. This bull run will likely depend on the approval of a spot Bitcoin ETF and the BTC's halving, which will take place in April 2024.
Although Ripple received a ruling in its favor from the district court, its legal battle with the SEC continues in the US supreme court. There is a possibility that the high court will rule similarly to the district court and say that the sale of XRP to retail customers does not violate securities laws. In such a scenario, the token could record a spike in adoption, which could lead to a rise in prices.
Moreover, Mastercard recently announced a partnership with Ripple, marking a significant jump in the fintech company's popularity. The firm has also partnered with Japan's SBI Holdings, among others. The increase in partnerships will also help the price of XRP #圣诞愿望# #ChristmasWish# #ContentStar# . #HotTopicDiscussion# #Gate post Highlights# #Thanksgiving#