Recent forecasts from traders and researchers indicate a potential rise in XRP price to $7, boosted by growing institutional investor interest and new patents from Ripple.
Market Analysis of XRP and Predictions
Market trader Crypto King stated, 'XRP is heating up and institutions are stepping in. We are now entering the phase I have been waiting for: Manipulation done, Accumulation done, Expansion loading. The chart and fundamentals are lining up for something massive. My target this cycle is $7.00.'
Ripple's New Patent and its Impact
Prominent crypto researcher SMQKE disclosed that a newly granted Ripple patent for enhancements to the XRP Ledger could make it harder for rivals to build comparable blockchain software. The patent outlines methods to accelerate settlements and reduce full-network reliance, making XRPL uniquely efficient for institutional use.
Conclusion on XRPL Competitiveness
Currently, it remains unclear whether Ripple can block competitors, as patents cover specific implementations, while XRPL's open codebase with distributed validators complicates claims that Ripple can hinder ecosystem growth.
Predictions about XRP's growth are based on increasing interest from institutional investors, while new Ripple patents may reshape the competitive environment for blockchain-based payment systems.
