What Are the Odds of XRP Reaching $6?
XRP slid to $2.4 on Friday and continued going south throughout October. Its price is unable to hold the resistance level, as fears loom that it could fall below $2. Investors who took an entry position when it boomed in price mid-year are all underwater. However, the bulls are confident that Ripple’s native token could reach $4 and $6. The confidence stems from gaining the SEC approval for an XRP ETF in November, which is yet to be confirmed. XRP maxis are already beating the drum on social media, citing that approval is imminent. Also Read: XRP Could Become a Trillion-Dollar Cryptocurrency by 2035 Odds of XRP Reaching $6 Source: Coin Edition The odds of XRP reaching the $6 mark are slim but not impossible. It requires a combination of favorable outcomes to consider hitting the price target. The combinations include increasing Ripple’s fintech adoptability, SEC XRP ETF approval, and a major influx of funds from institutional clients. Only one out of the three combinations i...