Other events that could prompt a rally are the potential approval of a spot Bitcoin ETF in the US, the Fed halting its aggressive interest rate policy, adoption from a leading corporation , etc.The native token of Ripple has also been in the spotlight lately . Back then, XRP skyrocketed above $0.80 while many bulls expected to see the price surpassing the $1 mark.
However, the asset failed to keep the momentum and plunged in the following months to its current level of approximately $0.48 .the bold forecast that XRP could reach $500 in the next four years, considering that the total value of cross-border payments tap $250 trillion by 2027. If the coin indeed explodes to such a level, it would mean that its market capitalization will stand at around $260 trillion .
Another fact that shows how prosperous this forecast might sound is the sector’s condition during the bull market in 2021. Back then, BTC of almost $70K, whereas the total market capitalization of the industry was nearly $3 billion at its peak .
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