The price of XRP, the native token of the Ripple network, has seen its fair share of volatility over the past year. After spiking to nearly $2 in April 2021, XRP crashed below $0.50 amid the crypto market downturn and ongoing SEC lawsuit.
Keypoints
- Ripple hiring a Shareholder Communications Senior Manager has sparked speculation that the company may be preparing for an IPO. Some analysts predict XRP could reach over $10 if Ripple goes public.
- XRP’s price is currently around $0.48 after peaking in July. Analysts foresee prices between $1.12 and $5.85 in the future, with potential to hit $1 by end of 2023 depending on market conditions.
- Coinbase approving perpetual futures contracts for institutional investors to trade XRP is seen as bullish. It suggests large amounts of institutional money may soon enter the XRP market, drawn by the potential for volatility and leveraged profits.
Recently, however, sentiment around XRP has turned…
