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Crypto expert Andrei Jikh has the $ 100 XRP price targetCausing a bullish sentiment in the XRP community. The analyst outlined various factors that can contribute to the parabolic rally on the ambitious purpose of $ 100.
Factors that can contribute to the price objective of $ 100 XRP
In one Youtube -videoJikh emphasized a potential end to the Ripple SEC -right case as one of the factors that the XRP price rally can cause to the purpose of $ 100. He quoted the removal by the SEC of the wrinkle store of its website, which indicates that the legal pressure Is relaxed. The The Commission Agreement with Binance To pause their continuous legal battle, also led to optimism that the Ripple right case could end quickly.
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Jikh then referred to a Nasdaq report stating that 80% of Japanese banks are set to accept XRP for global payments. The analyst is convinced that this step will cause acceptance, which could contribute to the projected rally up to $ 100. He noticed that the Japanese banking system is enormous, which makes this a big problem for the Altcoin.
In addition, the crypto expert emphasized the possible approval of the XRP ETFs If another factor that could send the XRP price to the goal of $ 100. He noticed how the Bitcoin price rose to new highlights after the Bitcoin ETFs were approved, and Jikh believes that something similar could happen.
Another factor that, according to the crypto analyst believes, could contribute to the XRP price rally up to $ 100 is the possibility that the Ripple Swift payment system replaces. He emphasized how the global payment industry is worth trillions of dollars. As such, Ripple processing of a huge part of these global payments can cause the usefulness and demand of XRP to increase, which ultimately influences its price.
Other Bullish Fundamentals for the Altcoin
In the meantime, Jikh also referred to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that can contribute to the XRP price rally up to $ 100. He noted that the XRPL processes around 1500 transactions, making it a potential option for tokenization plans, which is bullish for the active.
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If the XRPL becomes the go-to-platform for topping Real-World assets such as shares and bonds, this will help stimulate the question up and make the crypto more valuable. The Rlusd stablecoin Is also bullish for XRP, because the fire mechanism helps to remove XRP from the circulation as its usefulness grows.
Jikh then referred to the possibility that Brad Garlinghouse from Ripple CEO was in the Crypto Advisory Council in the White House. This is mainly Bullish for the XRP prize, because Garlinghouse could strengthen its place in the newly created American sovereine power fund in the council.
At the time of writing, the price of the assets was traded by around $ 2.55, an increase of more than 4% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Adobe Stock, Chart van TradingView.com