Prominent angel investor Jason Calacanis criticized XRP, calling it a 'centralized controlled security', mentioning how an XRP ETF could undermine securities laws.
XRP price dropped over 4% following Calacanis' statements, going below the $2.70 support level, causing confusion among investors about its future.
Market speculation is growing for a settlement or dismissal in the ongoing Ripple vs. SEC lawsuit, potentially leading to a significant price increase for XRP.
Analysts predict a potential price rally for XRP, with price targets ranging from $8 to $27 by various dates in the future.