{"id":140905,"date":"2024-10-30T09:00:33","date_gmt":"2024-10-30T07:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140905"},"modified":"2024-10-30T02:04:52","modified_gmt":"2024-10-30T00:04:52","slug":"xrp-set-for-major-upswing-with-key-year-end-catalysts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrp-set-for-major-upswing-with-key-year-end-catalysts\/","title":{"rendered":"XRP Set for Major Upswing with Key Year-End Catalysts"},"content":{"rendered":"<p>Factors weighing on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>include its ongoing legal battle with the SEC, which recently entered a new phase as Ripple filed a cross-appeal, as well as Ripple\u2019s escrow releases that add substantial amounts of XRP to the market.<\/p>\n<p>Many investors remain optimistic, looking to potential catalysts in the coming months. Advanced AI models, including ChatGPT-4o, suggest several drivers that could boost XRP\u2019s price before year-end.<\/p>\n<p>Key events include the Ripple Swell Conference, where new exchange partnerships and regulatory advances for RLUSD stablecoin were noted, along with Ripple\u2019s $25 million investment in Bitnomial to advance XRP futures.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/is-ethereums-user-base-about-to-be-overtaken\/\" title=\"Is Ethereum&#8217;s User Base About to Be Overtaken?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Ethereum-1-1000x600-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Is Ethereum&#8217;s User Base About to Be Overtaken?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Another major factor is the potential approval of an XRP ETF, which would mirror the success seen with <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>ETFs in driving institutional interest.<\/p>\n<p>The AI model predicts that if several favorable developments occur, XRP could reach between $0.85 and $1 by the end of 2024, a projected increase of 60%-88%. Additionally, the Market Value to Realized Value (MVRV) ratio suggests XRP may be undervalued, offering further potential for gains should investor sentiment improve with these developments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has faced a rough year despite a generally bullish crypto market in 2024, trending downward to reach $0.53 as of October 29, marking a 14.19% decline since the beginning of the year.<\/p>\n","protected":false},"author":9,"featured_media":105642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-140905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Set for Major 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