The path from XRP to $1 seems plausible for these reasons:

The Ripple Labs left no stone unturned in staying true to the investors’ confidence in them. Although the SEC vs. Ripple reigns supreme, there are a number of factors that influence the price trajectory of XRP. Something the XRP community has been very excited about over the past few weeks.

Customize the lineup

Ripple Labs sensed a potential XRP explosion and took several steps to strengthen the core of the platform. First, on March 17, the platform announced the addition of Michael Warren to its board of directors. Warren, a former senior White House adviser during the Obama administration, would bring decades of leadership in financial services, international business and government policy.

Given its past experience with regulatory clarity, this move would help Ripple expand its presence in global markets.

Ripple’s CEO, Brad Garlinghouse saw this step as a way to deepen their ‘policy bank’. Further to add

“At a time when Ripple looks to the next stage after a record year of success in 2021, Michael’s unique expertise will be an invaluable resource in guiding our next steps for accelerated business growth and wider adoption of Ripple’s offerings from customers around the world. “

Speaking of developments, the aforementioned platform promised a billion of its XRP tokens as grants to developers “to create projects based on its payments-centric distributed ledger.”

Overall, these developments would indeed act as a catalyst to trigger XRP’s price action. In fact, Ripple’s rating hit $15 billion after the company made a share buyback.

But was that the case?

The sixth largest token rose by more than 3% in 24 hours, according to CoinMarketCap. At press time it is traded just shy of the $0.8 mark. The most relevant question: was there room for more?

Well, yes. According to Rekt Capital, a famous analyst XRP was “in the process of regaining support from July 2021”. If successful, XRP could hit $1 soon.

Source: Twitter† Rekt Capital

The analyst continues claimed, “reclaim blue (July 2021 support) and XRP may move closer to $1 (red).” According to the transaction page on Whale Alert tracking service, 100 million XRP were: wired from the major purse to an unmarked wallet that currently holds just over 100 million coins.

In another case, 60,000,000 transferred from an unknown wallet to Bitstamp. This showed massive demand, or rather bullish sentiment within the market.

As it stands, XRP’s trading volume also saw an increase. According to XRP charts, volume was up 2% in just one day at press time.

Source: XRP Charts

In addition, the social activity stat on Twitter, according to BitInfocharts, reached an impressive 183,886 tweets in a single day at the time of writing.

It is important to note that Securities and Exchange Commission (SEC) Chairman Gary Gensler has repeatedly scrutinized cryptocurrencies companies. Some, such as Republican Congressman Tom Emmer of Minnesota, thought it was “overburdening.”

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