July 22, 2024

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Former Ripple CEO: This is the time when we can expect a massive rise in XRP

Former Ripple CEO: This is the time when we can expect a massive rise in XRP

XRP has been performing poorly for some time. If it were former Ripple manager Sean McBride He isXRP’s disappointing performance is largely due to the ongoing lawsuit against the US Securities and Exchange Commission (SEC).

Therefore, McBride believes that it is unrealistic to hope for a significant increase in prices before this legal issue is resolved.

Despite this, McBride believes that Ripple has a great future. He believes Judge Torres’ final ruling will provide more clarity. This may allow Ripple to enter into more partnerships with US institutions, which could positively impact the price of XRP.

Ripple is clearly poised for rapid growth, as evidenced by the fact that the company has obtained more than 30 money transfer licenses (MTLs) for operations in the United States. MTLs are licenses that businesses must obtain in order to legally conduct money transfers and payment services within the United States. According to McBride, this shows that Ripple is seriously preparing for future developments.

ChatGPT predicts a price of $5 in 2025

Not only is the former Ripple CEO positive about the company’s future, but artificial intelligence (AI) ChatGPT also remains optimistic about XRP’s prospects. Analysts consulted ChatGPT to predict when XRP will reach $5, which would represent 900% growth from its current value.

The artificial intelligence model indicates that this milestone could be reached in approximately 2025 or 2026. Additionally, ChatGPT agrees with McBride that a positive outcome of the lawsuit and improving macroeconomic conditions are necessary for such a price increase.

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