- XRP is seeing increased investor interest due to major firms quietly accumulating tokens.
- Rising silver prices and market pressures could impact XRP’s value significantly.
- Ripple’s legal developments may shape the future of XRP and its market presence.
XRP is gaining traction among investors as market dynamics shift. Analyst Versan from Black Swan Capitalist recently noted on X that XRP is attracting interest through what he describes as “secret investment.” A report from 2023 revealed that JPMorgan and BlackRock have quietly accumulated significant amounts of XRP because they view it as a long-term investment opportunity.
Regulatory Pressures Mount
As 2024 unfolds, the SEC faces increased scrutiny because the surge in ETF filings puts pressure on the agency. Reports suggest that JPMorgan and BlackRock may be influencing XRP’s price. According to CryptoGeek News, these firms allegedly manipulate XRP’s value to enhance their Bitcoin holdings. This situation raises serious concerns among market observers and investors.
JPMorgan forecasts that silver prices may rise to $36 per ounce by 2025 due to several factors that contribute to this expectation. If the Federal Reserve implements monetary easing and reduces interest rates, the dollar may weaken significantly, and commodities like silver traded in dollars might see price increases.
Ripple’s Legal Developments
On October 24, Ripple submitted Form C to outline key issues for its cross-appeal, as this action follows a challenge to a court judgment. Ripple has set aside $125 million for potential remedies in an escrow account, and the Second Circuit Court of Appeals has instructed the SEC to file its brief by January 15, 2025. Consequently, the appeal process may unfold in early 2025 with a court argument likely in the fall followed by a final ruling later that year.
XRP’s ongoing developments reflect the intersection of investor interest, regulatory pressures, and market dynamics.
The post XRP Attracts Major Investors as Market Dynamics Shift in 2024 appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed