Analyst Meesku has suggested short-term, mid-term, and long-term price outlooks for XRP based on various market catalysts and ongoing developments.
XRP Short-Term Price Prediction
Notably, Meesku anticipates that XRP could surge toward $3.50 or even higher in the short term. He believes recent whale activity and the anticipation of new financial products would drive this growth.
Backing this view, he noted that XRP experienced an abrupt 5% price increase in just minutes on Thursday amid reports concerning ETFs. The excitement briefly saw XRP rally to $3.30, but it has since dipped to $3.13.
While volatility remains a key factor in the short-term outlook, Meesku believes the market is positioning itself for potential upward momentum, particularly as the Ripple vs. SEC case inches closer to a final resolution.
According to Meesku, speculation about a potential settlement is building, especially with the SEC’s first closed meeting under new leadership. XRP community members believe a favorable resolution for Ripple could emerge, significantly impacting XRP’s market performance.
However, legal experts, such as former SEC official Marc Fagel, have downplayed these expectations. Fagel has suggested that today’s closed-door meeting will likely involve routine decisions made under the previous leadership of Gary Gensler.
XRP Mid-Term Outlook: Potential Surge to $8
In the mid-term, Meesku remains optimistic about XRP’s potential. With the possible launch of XRP futures contracts by the CME Group, he predicts a rise to $8 before reaching a cycle top.
Notably, the introduction of these new financial products could provide institutional investors with more avenues to engage with XRP, increasing its market liquidity and driving the price upward.
XRP Long-Term Potential as a Global Asset and Pillar for US Banking
Looking ahead to the long term, Meesku sees XRP potentially playing a major role in global finance. He speculates that XRP could eventually become a foundational asset for national banking systems.
Notably, this perspective gained traction after a report by The Crypto Basic, citing Mark Yusko, founder of Morgan Creek Digital.
According to Meesku, this speculative shift could lead to substantial price increases, potentially reaching $20. He also highlighted Ripple’s growing partnerships, including its collaboration with Bank of America on blockchain solutions, as a positive sign that XRP’s adoption will continue to expand.
Golden Cross Formation and Strong Bullish Signals for XRP
Meanwhile, Meesku also commented on XRP’s potential based on technical developments. He noted the formation of a bullish “golden cross” for XRP against Bitcoin.
With XRP’s recent strong performance against Ethereum and Stellar (XLM), the analyst believes that XRP is gaining technical momentum, making it an attractive asset for traders and investors.
Overall, Meesku expects more transparent regulatory frameworks and Ripple’s legal developments to continue to support XRP’s positive trajectory in the coming months. He believes these factors and increasing institutional interest could lead to substantial price gains.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
