XRP Faces Uncertain Path Despite Potential Catalysts
- A settlement with the SEC in the Ripple lawsuit could send XRP higher, but may not happen until mid-2024
- An XRP spot ETF is unlikely until after Ethereum gets approval for one, which has been delayed
- Hype around a potential Ripple IPO sent XRP prices up last year, but the CEO admitted recently this won't happen anytime soon
- For XRP to break $1, Ripple likely needs a full favorable settlement with the SEC to build out the XRP payment network
- Reaching a new all-time high for XRP seems unlikely without an ETF or IPO, so it remains a highly speculative investment