Crypto Pundit Andrei Jikh Target price $ 100causing a stubborn sentiment in the XRP community. The analyst presented several factors that could contribute to a parabolic rally to an ambitious goal of $ 100.

Factors that could contribute to the target price of $ 100

IN YouTube videoJikh emphasized the potential end of a lawsuit about Ripple SEC as one of the factors that could cause the XRP rally to an target of $ 100. He quoted the removal of the Ripple case from the SEC website, which indicates that legal pressure is soothed. . Commission agreement with Binance Stopping their ongoing legal battle also caused optimism that the ripple lawsuit may soon end.

Then Jikh referred to the NASDAQ report, stating that 80% Japanese banks They are to accept XRP for global payments. The analyst is convinced that this movement will cause a acute growth, which can contribute to the forecast rally to $ 100. He noticed that the Japanese banking system is huge, which makes it a great deal for Altcoin.

In addition, the cryptographic expert emphasized the potential approval XRP ETFS As another factor that can lead the XRP price to $ 100. He noticed that the price of Bitcoins increased to up-to-date ups after approval of ETF Bitcoin, and Jikh believes that something similar can happen.

Another factor that, according to a cryptographic analyst, can contribute to the XRP price rally to $ 100, is the ability to replace the Ripple payment system. He emphasized how the global payment industry is worth a trillion dollars. In this connection, the processing of Ripple a immense part of these global payments can cause a rapid escalate in the usability and demand of XRP, ultimately affecting its price.

Other stubborn basics of Altcoin

Meanwhile, Jikh also referred to Book XRP (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP prices rally to $ 100. He noticed that XRPP is processing about 1,500 transactions, which makes it a potential option for tokenization plans, which is stubborn for assets.

If XRPL becomes a platform for tokenization of assets in the real world, such as shares and bonds, this will facilitate escalate demand and make crypto more valuable. . Rlusd Stablecoin It is also stubborn for XRP, because its combustion mechanism helps to remove XRP from the circulation as its usability increases.

Then Jikh referred to the possibility that the CEO of RIPPLE BRAD GARLINGHOUSE would be in the White House Cryptography Advisory Council. This is especially stubborn at the price of XRP, because Garlinghouse, which is in the council, can strengthen its place in the newly created American wealth fund.

At the time of writing this text, the price of assets is about USD 2.55, which is over 4% in the last 24 hours, according to data with coinmarketcap.

A distinguished picture from Adobe, chart from TradingView.com