Due to regulatory hurdles, XRP has not seen a significant rally similar to Bitcoin and Ethereum during the 2021 bull cycle. A market expert recently predicted a positive future for XRP, sharing insights on when the actual price impact will occur.
SMQKE, a researcher of Current Tech Shift, indicates that major banks are still testing Ripple’s technology. This ongoing testing phase suggests that the technology has not yet been fully integrated into daily operations, which has contributed to the stagnation of XRP's price despite its potential utility.
Once these tests conclude successfully and banks like Standard Chartered, Santander, and Bank of America fully adopt Ripple’s technology, there should be a greater need for XRP in financial transactions. This could likely result in a significant increase in XRP’s price.
Currently, the market is in a “wait and see” phase. Investors are cautious and waiting for clear evidence of widespread acceptance and regulatory certainty before pushing up XRP's price. Ongoing legal issues between Ripple and the SEC also contribute to this hesitation.
The expert suggests that a resolution of the lawsuit and successful integration tests could lead to a notable rally in XRP’s value, potentially reaching new all-time highs.
