Why XRP Will Not Reach $100 By End Of Year Despite ETF Launch
NegativeCryptocurrency

- Interest in XRP surged following the launch of Spot XRP ETFs, prompting speculation about a potential price rally to $100 per token by year-end. However, market analyst Zach Humphries labeled such predictions as unrealistic, emphasizing that achieving this price would require an astronomical market cap of approximately $6 trillion, far exceeding current levels.
- The XRP community is grappling with the implications of these inflated price expectations, as they may mislead investors unfamiliar with market dynamics. The significant circulating supply of XRP complicates the feasibility of reaching such high valuations, raising concerns about market manipulation and investor sentiment.
- The broader cryptocurrency landscape reflects a mix of optimism and skepticism, as traders hope that new ETF launches could restore bullish trends. However, recent price declines and expert predictions of further drops highlight the volatility and uncertainty in the market, underscoring the challenges XRP faces in maintaining momentum amidst fluctuating investor confidence.
— via World Pulse Now AI Editorial System







