Ambitious 2024 Prediction from Ripple Official: Where Will XRP Be in This Momentum?

The journey of Ripple, and therefore the XRP token, in 2023 has had a lot of ups and downs. Although the positive decisions from the SEC case helped the improvement in the price, the uptrend did not last as long as expected. While the short duration of the trend creates uncertainty among investors, expectations for 2024 remain high.

Ripple continues to provide various reports and predictions on what it can do in 2024 in the current market and regulatory environment. Rob Grant, vice president of global policy, drew attention with his predictive prediction that a major retailer in the United States will activate cryptocurrency payments. Although this has raised hope among the community, it has also brought a lot of speculation.

While expectations are growing that the Bitcoin ETF will be approved soon, the cryptocurrency market is also preparing for important developments. While the approval of the spot ETF could trigger massive investor inflows, the fact that a retail giant accepts crypto payments will also create a very strong meat.

According to Grant, Ripple's focus on using the company's token for global payments could help XRP and other cryptocurrencies become more popular and useful.

In parallel with these predictions, Ripple's prediction that CBDCs will emerge in 2024 adds a new one to the expectations. Grant predicts that a G7 country will take a CBDC step, signaling a crucial period in which state-backed digital currencies take center stage. The adoption of CBDCs by major economies could revolutionize traditional financial systems and potentially validate and legitimize the broader crypto landscape.

XRP Depreciates Despite Positive Developments

As Koinfinans.com reported, although many different developments XRP and progressed positively for Ripple, the price did not react in the same way. The altcoin, which reached $0.69 at the beginning of December, fell 11.5% to $0.61 as of Dec. 20, despite short-term increases. The current outlook is for the price to fall below $0.60.

However, if the bulls want to push the momentum in an upward direction, the $0.75 level needs to be broken above first. A move above this level will continue to be a dream of $1 until it becomes clear. However, a clear rise towards $1 seems to be instrumental in targeting even $2 and $3.

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