XRP News: Crypto Pundit Andrei Jikh Reignites $100 Price Target for XRP

Andrei Jikh, a prominent figure in the cryptocurrency community, has recently reignited discussions about a potential $100 price target for XRP. His prediction is based on several key developments, including the possible conclusion of Ripple's SEC lawsuit and the widespread adoption of XRP by Japanese banks.

Crypto Pundit Reignites $100 XRP Price Target, Sparking Bullish Sentiment

Crypto pundit Andrei Jikh has reignited the $100 XRP price target, outlining several factors that could contribute to the parabolic rally. These include the potential end of the Ripple SEC lawsuit, indicated by the SEC's removal of the case from its website, and the Commission's agreement with Binance to pause their legal battle. Jikh also alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments.

SEC Acknowledges Grayscale’s XRP ETF Filing – Potential Impact on XRP Price

The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s XRP ETF 19b-4 filing, marking a significant milestone for the altcoin, especially given the ongoing lawsuit with the regulator. Grayscale seeks to convert its XRP Trust, with $12.8 million in assets under management, into a Spot ETF. This move could pave the way for similar applications from other potential issuers like Canary Fund, 21Shares, WisdomTree, and Bitwise. Speculation around the ETF could fuel XRP’s recovery towards its latest local peak of $3.4.

Basketball Analyst Kelly Stewart Jokes About Sponsoring Kansas State’s Football Field if XRP Hits $100

Known in sporting circles as “Kelly in Vegas,” Kelly Stewart added comedy into the continuous discussion among the crypto community about XRP surpassing $100. The analyst wrote on X, “If XRP hits $100, there will be signs,” referencing a trend where investors joke about expensive purchases if their holdings reach high price goals. Her tweet showed a mock-up of Kansas State’s football field carrying her name, implying she will sponsor it should XRP reach a three-digit price level.

XRP Price Surges 17.8% This Week, Fueled by ETF Speculation and Short Position Liquidations

Ripple's XRP price has experienced a notable upswing, climbing 17.8% over the past week to trade near $2.80. The rally has been driven by growing speculation about an XRP exchange-traded fund (ETF) and increased market activity, which has led to significant liquidations of short positions. Analysts suggest that XRP is forming a bullish setup, with potential upside targets exceeding $3.40. Additionally, investor sentiment has improved significantly after Grayscale filed to convert its XRP Trust into a spot ETF, sparking market optimism.