"It is indeed going up, but when will the crypto market make its upward phase?"
The rise of the entire cryptocurrency market can be triggered due to the approval of the spot Bitcoin (BTC) ETF in the United States (US) and the BTC halving event that will take place in the spring of 2024.
The streak, many investors wonder which digital asset performance will stand out the most during the next bull run, so a financial expert called Kyren in his X account expects that Ripple (XRP) may grow in the future.
This is because XRP has managed to witness various developments in recent years, therefore its price has the potential to climb higher than its current level.
Among the developments are XRP's consecutive victories in its lawsuit against the Securities and Exchange Commission (SEC), the blockchain firm's interaction with central banks around the world and support from leading crypto exchanges.
Coinbase, Kraken, Gemini and several other crypto exchanges have relisted XRP on their platforms shortly after Judge Analisa Torres ruled the digital asset is not a security.
According to CryptoBull, crypto analysts say that XRP can jump up to $4.20, $7.20 or $470, but it should be noted that its market capitalization must reach $250 trillion for the price increase to take place.
As of this writing, the price of XRP is still down 1.02% at $0.60 in the last 24 hours with a market cap of $32 billion further down 1.06% over the last week.
