PANews reported on November 30 that Ryan Lee, chief analyst at Bitget Research, said that based on the current market structure, XRP prices could rise to $2.57 by the end of 2024. He believes that XRP's price trend could be affected by the Bitcoin halving event. Historically, XRP has shown significant growth about 228 days after the Bitcoin halving. In addition, regulators' further progress on potential XRP ETFs may also be another catalyst for XRP's price increase. It is reported that asset management company 21Shares submitted an XRP ETF application to the U.S. Securities and Exchange Commission (SEC) on November 1, and it is also the third company to apply for an XRP ETF.
Analyst: Current market structure shows XRP could rise to $2.57 by the end of this year
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