Ripple is experiencing one of its most intense years yet. The chaos is palpable, as the token recently won its case against the US SEC. XRP is also experiencing a bearish wave amid its recent legal victory.
The token’s recent win against the US SEC failed to make a lasting impression on its price, causing much speculation within the XRP community. Despite the chaos in the space, here are two prominent reasons why one should not sell their XRP holdings and wait for the right time to strike.
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Reasons To Hold XRP Now!
1. Institutional Purpose, Real-World Use Cases
XRP is built to serve a different purpose. Ripple has been leaving no stone unturned to help Ripple solidify its reputation as a cryptocurrency meant for institutional usage.
Unlike other cryptocurrencies that are solely meant for short—and long-term trading, XRP, in the middle of this pool, is vying for global recognition by being part of a nuanced financial transaction system.
The XRPL is currently competing to replace SWIFT and may succeed, given the increasing interest companies are showing in it.
“It’s chicken and egg; you have to create a marketplace. And right now we have 152 global exchanges around the world that trade XRP. A lot of it, as you say, is very shallow trading by individuals, and that is not the use case that we are pursuing. What we are pursuing is the use of XRP as a financial asset by sophisticated institutions as a bridging mechanism. In the last quarter, the bulk of XRP sales were institutional. And as this transitions away from retail to institutions, we’ll start to use it for wholesale, for financial usage.“ Dilip Rao
2. Trying To Penetrate A Large Market With Viable Issues
The market for cross-border payments is less crowded now. With the SWIFT network dominating the space, Ripple intends to address the core issues of network lag and delays by introducing XRPL and the element of Web3-driven speed into the play.
Ripple intends to offer low-cost and fast solutions to cross-border payments. Ripple’s plans are merely not ambitious. The token is trying hard to forge new global collaborations and has successfully roped in leading firms and companies to reach the top of the worldwide radar.
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XRP Price Analysis
With such stunning use cases to consider, XRP is bound to surge high in the coming years. As per Finders, XRP may end this year at $0.66p.
Similarly, the panel concludes that XRP can surge to hit $1.49 by the end of 2025. The token may hit $2.45 by the end of 2030.
With such a rapidly evolving ecosystem, XRP is bound to peak, which may usher in significant returns for its investors. However, one should conduct their research before making any essential investment-centric decisions.
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