🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Where Will XRP Price Be in the Next 3 Years?
The beginning of President Donald Trump's second term signaled a more relaxed regulatory environment for cryptocurrency. Trump ordered the establishment of a government strategic reserve fund for Bitcoin and a reserve for other digital assets. XRP ( Ripple ) ( CRYPTO: XRP ) is also a potential candidate. Federal regulators recently dropped their appeal against XRP developer Ripple Labs after the court ruled mostly in favor of Ripple Labs in a lawsuit that began in 2020. Currently, XRP is facing the simplest path to wider adoption in recent memory. What does that mean for the cryptocurrency's price? I think XRP could reach a new all-time high, pushing up to the $4 mark in the next three years. An increase of nearly 100% from the current price of $2.15. I will explain the reasons. XRP Ledger Can Play a Role in the Digital Economy Facing Regulatory Rollbacks Currently, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a secure global messaging network for banks, is the main tool for cross-border money transfers. A SWIFT transaction takes an average of about 18 hours and incurs fees of up to 50 dollars. Ripple Labs created the XRP ledger, a blockchain network for banks, governments, and businesses to facilitate cross-border transactions efficiently. The XRP ledger uses XRP as its native token. Basically, the currency is converted into XRP, transferred on the XRP ledger, and then converted into another currency on the other side. The XRP ledger can settle transactions in a few seconds and does not charge transfer fees. While regulations can protect businesses and consumers, too much regulation can hinder innovation and growth. Trump has a long history of advocating for deregulation, and now that the Securities and Exchange Commission lawsuit is over, the XRP Ledger's ability could finally help it gain traction over the next few years. The Support of Organizations Can Come Investor support for cryptocurrencies remains strong, and institutions are also following suit. Cryptocurrency ETFs are emerging, with some already launched for some of the largest cryptocurrencies, including Bitcoin and Ethereum. XRP is currently the fourth largest cryptocurrency in the world, with a market capitalization of 126 billion dollars. It would make sense to offer an XRP ETF, but the prolonged litigation has essentially made it untouchable. With the litigation now concluded, institutions seem more likely to invest in XRP. Polymarket, a leading digital betting company, now indicates a 90% chance of an XRP ETF being approved this year. The support of institutions not only drives the demand for XRP but also helps legitimize it, thus increasing its applicability for cross-border transactions. XRP Still Has Risks, Therefore Invest Carefully The global financial system has essentially operated in the same way for decades, with trillions of dollars in value continuously flowing through it. The idea of a digital global economy built on blockchain is intriguing, but it is not guaranteed and may take years to create a significant impact. Therefore, XRP will still be a speculative investment in the near future. Even when XRP surged to a recent high of $3.39, it did not hold for long. If you invest in XRP, don't expect to make quick profits. This is a situation where investors may do better if they buy and hold it as a small component in a diversified portfolio. That said, if the legal factors continue to be favorable for XRP and the cryptocurrency space in general, I see no reason why XRP wouldn't have a bright future ahead.