TL;DR
- Google Trends data shows that XRP is more popular than Ethereum in 47 US states, with the greatest interest coming from Delaware, Nevada, Louisiana, Arizona and Hawaii.
- XRP price fluctuations throughout 2023 have been influenced by the ongoing lawsuit between Ripple and the US SEC, with Ripple’s partial victories in court contributing to a positive trend.
- The forecast for XRP’s future value varies widely among analysts, with estimates ranging from a moderate increase to $0.90 by next summer to an extreme prediction of $500, which would require a market capitalization exceeding by far the current total capitalization of the crypto market.
Americans are interested in Ripple (XRP)
Ripple’s native token – XRP – seems to be a very intriguing topic for many Americans. According to Google Trends data, residents of 47 states have poster higher interest in the asset than in Ethereum (ETH).
Delaware, Nevada, Louisiana, Arizona, and Hawaii are the regions where XRP is most popular. On the other hand, Vermont, New York, Oregon, and the District of Columbia are the only regions where Ethereum has overtaken Ripple’s coin.
The XRP price has seen many ups and downs since the start of 2023, seeing a significant uptrend in the second half of the year. This positive performance could be a result of the developments surrounding the lawsuit between Ripple and the US SEC, particularly the three partial victories won by the blockchain company. secure so far.
The outcome of the legal battle, which has lasted since December 2020, should be revealed in the spring of 2024 during a major trial. Several analysts and experts have predicted that a decisive victory for Ripple could propel another surge for XRP.
Some of the XRP predictions
CrediBULL, the popular user of X (Twitter) argued that the asset’s valuation could reach around $0.90 by the summer of next year.
Although such a prediction seems somewhat realistic, other analysts, such as Shannon Thorp, envision astronomical increases. She assumed that XRP could explode to $500 in the coming years.
It is worth mentioning that the coin’s market cap would need to reach over $250 trillion for this to happen. In comparison, the total market capitalization of the sector was “only” $3 trillion in 2021, when many digital assets, including Bitcoin (BTC), reached all-time highs.
Those who are curious to check how high XRP could reach in the remaining months of the current year can take a look at the video below:
