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The price of Ripple (XRP) has always exhibited notorious volatility that can increase or decrease its value. In response, analysts John Squire, EGRAG CRYPTO, and Ali Martínez shared on X two bullish scenarios and one bearish scenario respectively according to Jordan Lyanchev on CryptoPotato.
Between $5 and $31?
In a recent post, Squire described some rumors about Ripple's approval for the U.S. national bank license. Without providing further details, he added that such a "significant step for cryptocurrency adoption and institutional finance" could instantly push the underlying token to $5.