thecryptobasic.com
Rodney, a prominent crypto market analyst, has outlined bold XRP price prediction scenarios amid recent political developments.
His projections take into account bullish developments such as Donald Trump’s presidential win, which is seen as a pro-crypto victory, as well as the confirmation from Gary Gensler that he would resign as SEC Chairperson next year.
At the time of his analysis, XRP traded for $1.43 amid a 172% monthly increase and an $81 billion market cap. According to the analyst, daily trading volumes reached $22 billion, indicating a rise in investor interest.
This renewed enthusiasm follows the latest political events in the U.S. and Ripple’s partial legal victory against the SEC in mid-2023, which strengthened XRP’s position as a dominant altcoin despite years of regulatory challenges.
Gensler’s Exit and Political Developments Boost Market Sentiment
Rodney noted that Gensler’s resignation would mark a turning point for crypto regulation. Under his leadership, the SEC pursued lawsuits against multiple crypto projects, including Ripple, claiming XRP was sold as an unregistered security.
These actions caused massive market disruptions, especially for XRP from late 2020 to 2021, with XRP’s price plunging by more than 50% and leading to its delisting from major exchanges like Coinbase. As a result, XRP missed out on the 2021 bull run.
However, the political scene is shifting. Donald Trump’s return to the presidency, alongside a growing bipartisan push for crypto adoption, has fueled optimism.
Trump, a vocal cryptocurrency advocate, has promised to make digital assets an integral part of the financial system. Rodney believes this political backing, combined with Gensler’s impending departure, has created a bullish environment for XRP and other digital assets.
XRP Road to Recovery
XRP has long aimed to revolutionize cross-border payments, presenting fast and cost-efficient solutions for international money transfers.
Despite regulatory hurdles, its resilience has kept it among the top ten cryptocurrencies for years. According to Rodney, Ripple’s partial victory in 2023, which challenged the SEC’s stance, set a legal precedent that emboldened the broader crypto industry.
He stressed that this year, the entire cryptocurrency market has broken new records, surpassing a $3.2 trillion market cap. Bitcoin has also approached $100,000, and altcoins surged alongside meme tokens. XRP’s recent price action shows it is finally catching up after years of underperformance.
XRP Price Prediction
Rodney outlined several scenarios for his XRP price prediction. If XRP reached Ethereum’s current market cap of around $400 billion, its price could rise to $6.98, representing a 4.9x increase.
However, in an even more optimistic scenario, if XRP achieved Bitcoin’s $2 trillion market cap, it could skyrocket to $33, a 24x gain from its current price.
For a more conservative outlook, Rodney suggested that XRP reaching a $600 billion market cap is plausible. This would place its price around $10. Such a development could be catalyzed by institutional adoption and broader utility in cross-border payments.
The analyst emphasized that XRP’s ultimate value depends on its integration into mainstream financial systems. If adopted for its intended use case—facilitating international money transfers—it could achieve unprecedented growth.