XRP, the cryptocurrency associated with Ripple, has been gaining attention for its potential utility play compared to Bitcoin (BTC). Teucrium CEO Sal Gilbertie recently championed XRP as having more use cases than BTC, stating that Ripple will make it work. This sentiment was echoed by Standard Chartered’s Geoff Kendricks, who projected a 600% increase in XRP’s price over the next three years.
One factor contributing to XRP’s potential for growth is its acquisition of Hidden Road, a prime broker that will leverage XRP and its stablecoin, RLUSD, for cross-border payments and trade settlements. This strategic move aligns with Ripple’s long-term vision and could further solidify XRP’s position in the market. Additionally, Sistine Research has predicted a potential 1500%-2500% price rally for XRP by 2027, citing the altcoin’s price action and pattern formation.
Despite the positive outlook for XRP, there are concerns about the slowing activity on the XRP Ledger in 2025. This slowdown could potentially delay XRP’s strong price recovery unless network traction gains momentum. In the short term, XRP saw a rally to a new April high of $2.3, but retraced to a previous support level at $2.1. The future price movement will depend on whether bulls can defend this support level and keep the RSI above 50.
Teucrium recently launched a 2x Long Daily XRP ETF (XXRP), which has been met with strong investor interest despite weak market conditions. This ETF is the first leveraged U.S. XRP ETF and has already accumulated $40 million in net assets. The success of this product further highlights the potential for XRP’s utility play and its attractiveness to investors looking for exposure to the cryptocurrency market.
In conclusion, XRP’s potential for utility beyond store of value, particularly in the realm of cross-border payments, has garnered attention from industry experts and investors. The acquisition of Hidden Road and the launch of the XXRP ETF signal confidence in XRP’s future prospects. However, challenges such as network activity slowdowns and price retracements could impact the timing of XRP’s price recovery. Overall, the outlook for XRP remains positive, with potential for significant price growth in the coming years.
