There was an uptrend in XRP which resulted in a price increase of 28.46% in the last 30 days. However, if you narrow your focus to the last week, you will see that prices are down 7.91 percent.

That is why the famous crypto analyst E-firm Smitty also said that he is confident that the use of cryptocurrencies will spread rapidly throughout the world in the near future.

Here’s why XRP is sustainable

American record producer Eric Finnerud, better known by his stage name E-Smitty, made a bold forecast about the future value of XRP in a recent tweet, stating that its price would jump into five figures.

In the not-too-distant future, E-Smitty predicts, everyone on Earth will use XRP and a few other cryptocurrencies. He said that he often uses XRP to pay royalties to the musicians he works with and that he accepts payments in this cryptocurrency for mixing, mastering, producing and advertising. It’s not just E-Smitty who’s in this situation.

Whereas David Gokhshtein, the founder of Gokhshtein Media, recently tweeted that if Ripple prevails in its legal battle with the SEC, the value of XRP will rise and the entire crypto market could suffer a parabolic spike.

Furthermore, he stated that the entire cryptocurrency market would experience a meteoric rise if Ripple prevails in its legal battle against the SEC regulatory agency.

In general, he is optimistic about the possibility of Ripple being successful in the legal fight with the SEC. If Ripple is successful, he believes that this victory will cause a large increase in the price of XRP.

XRP price boost

XRP was trading at $0.4573 at the time of writing, down 2.82% in the previous twenty-four hours and 6.22% in the previous seven days. After several weeks of intense market activity, the XRP price momentum has stalled.

Trader enthusiasm and high hopes for a favorable outcome for the Ripple case have helped propel XRP to the forefront of gains in recent months.

The number of new XRP addresses created in 24 hours also reached its highest level in three months, 2,773. According to Santiment’s announcement on Oct. 6, this is the fastest network growth in a single day since July 2.

conclusion

The crypto market has many exciting developments. The bullish behavior of the last 24 hours promises a favorable wave.

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This post Crazy prediction! XRP Price Predicted to Hit 5-Digit Target – Here’s Why

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