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XRP Queen Predicts Institutional XRP Price Target Could Reach $100
Crypto analyst XRP Queen argues that an XRP price target of $10 is too conservative, especially from an institutional perspective. She highlights Ripple's strategic moves, including integration with banks and regulatory clarity, which could drive the altcoin to potentially reach $100.
- Ripple is focused on global infrastructures, acquiring payment and custody systems.
- The company has integrated with financial institutions for real-time global settlements.
- Ripple is pursuing a full banking license, having secured conditional approval from the OCC.
Canary Capital CEO Steven McClurg suggests that price targets of $5-$10 for XRP are minor compared to the liquidity needed for settling global real-world assets (RWAs).
- The XRP Ledger is already processing real financial transactions, attracting institutional interest.
- McClurg predicts that XRP will dominate the RWA industry, expected to grow into a trillion-dollar sector.
Current XRP price: $1.95, with a recent decline.
