XRP price plummeted below $2.15 causing speculations about its long-term sustainability, but analyst John Squire believes reports of XRP's demise are exaggerated.
Squire points out key factors that could lead to a significant rally for XRP including its 10-year setup, Ripple's global payment network, industry partnerships, and the potential resolution of the Ripple vs. SEC legal case.
Interest in XRP is growing among institutional investors with developments such as CME Group launching XRP futures and rumors of a BlackRock XRP trust. There is also anticipation for a possible XRP Exchange-Traded Fund (ETF) launch.
XRP is described as battle-tested, institutionally aligned, legally resilient, and technologically deployed. The current XRP price is $2.2, showing resilience and strength in the digital asset space.