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Pundit Says XRP Price At $50 Is Inevitable

Pundit Says XRP Price At $50 Is Inevitable

TimestabloidTimestabloid2023/07/14 16:00
By:By Solomon Odunayo

Crypto analyst Amonyx (@amonbuy) recently expressed a highly optimistic outlook for XRP, stating, “There is nothing stopping XRP reaching $50+ now. It’s inevitable.”

His statement comes amid a wave of enthusiasm following President Donald Trump’s announcement of a U.S. crypto reserve , which includes XRP alongside Solana, Cardano, Bitcoin, and Ethereum.

Trump’s initial announcement notably omitted Bitcoin and Ethereum, suggesting a shift in focus toward altcoins like XRP. This development has fueled speculation that XRP could help the evolving financial landscape.

XRP’s Price Surge and Market Reaction

Following the announcement, XRP saw a significant price increase, confirming expectations from Amonyx and other analysts. Many investors view the creation of the crypto reserve as a strong endorsement of digital assets, and XRP has been one of the primary beneficiaries.

Amonyx’s bullish prediction reflects broader sentiment within the crypto community. Many believe that XRP’s recent gains signal the beginning of a much larger upward trend, with some projecting that the asset could reach $50 or more soon.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Regulatory Clarity and Potential End of the Ripple Lawsuit

Adding to the optimism, a former White House official recently suggested that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple has already been dismissed . While no official confirmation has been provided, the possibility of a resolution has strengthened confidence in XRP’s future.

The SEC has spent 2025 dismissing lawsuits and investigations into cryptocurrency companies. Many experts including former SEC officials have suggested that the Ripple lawsuit is next on the chopping block .

The lawsuit has been a major source of uncertainty for years, limiting XRP’s growth despite its strong adoption in global payment systems. The end of this legal battle could open the door for increased institutional investment and broader use of XRP.

The Path to $50 and Beyond

With the recent surge in price, growing institutional interest, and the support of the U.S. crypto reserve, many analysts believe XRP is positioned for long-term gains. If the legal uncertainties surrounding Ripple are resolved, XRP’s adoption and price appreciation could be accelerated.

XRP is currently trading at $2.52, showing a 6.33% increase from yesterday. While the $50 target is 1,884% higher than its current price, the asset has experienced much higher surges and could easily close this gap under the right circumstances.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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