Aaron Arnold, co-founder of Altcoin Daily, has changed his stance on XRP, expressing optimism about its future prospects. In a recent video, he revealed his views on possible changes in the token's value and current market conditions.
Arnold's Changing Stance on XRP
Discussing XRP, Arnold noted its unique role as a bridge currency and the growing number of real-world use cases. Previously, he had expressed skepticism due to Ripple's legal battles, but with the SEC situation now resolved, his opinion has radically changed. Arnold highlighted that Ripple's stablecoin, RLUSD, has already reached a market cap of over $500 million just six months post-launch.
XRP Price Predictions
Aaron Arnold provided an analysis of potential price scenarios for XRP. If Bitcoin reaches $150,000, he expects XRP to rise to $5, making 1,000 XRP worth about $5,000. In a more optimistic scenario, where Bitcoin climbs to $250,000, XRP could see a high of $9, bringing the value of 1,000 XRP to $9,000. Currently, 1,000 XRP is valued at around $3,110, and eight months ago it was only worth $500.
Institutional Interest and Regulatory Clarity
Arnold also mentioned that 11 major firms, managing over $240 billion, have already filed for an XRP ETF. He compared this moment to the early stages of Bitcoin ETFs, which helped push BTC from $45,000 to over $123,000. A similar move for XRP could unlock new liquidity and heighten its price. Additionally, Ripple is actively addressing regulation, holding over 60 licenses across different jurisdictions.
Aaron Arnold's optimistic outlook on XRP is based on several factors, including its relevance as a financial tool and increasing integration into institutional finance. The successes of RLUSD and growing interest from major companies could provide a significant foundation for future growth.
