XRP (XRP-USD) price predictions are a hot topic on Wednesday as crypto traders discuss a new deal from parent company Ripple.
The big news traders are talking about today is Ripple acquiring Swiss-based crypto company Metaco for $250 million. The crypto company is using a mixture of cash and equity to fuel this transaction.
This comes as Ripple seeks to expand its business outside the United States. Investors will also note this comes as Ripple’s battle with the U.S. Securities and Exchange Commission (SEC) starts to wind down.
Additionally, Ripple could be seeking out other deals to diversify its business. Brad Garlinghouse, CEO of the crypto company, said as much in a statement. He also pointed out that the company still has $1 billion in cash after the Metaco deal to fuel such transactions.
All of this news has traders wondering what the future holds for the XRP crypto. Let’s get into that below!
XRP Price Predictions
- Starting out our coverage of XRP today is WalletInvestor and its one-year price forecast of $0.144 for the coin.
- DigitalCoinPrice joins our crypto coverage today with an average 2024 price estimate of $1.10 for XRP.
- Closing out our coverage for Wednesday is Gov Capital and its one-year price outlook of $1.21 for the crypto.
Should investors be excited about these XRP price predictions? It seems like its safe for them to celebrate, considering the crypto’s current price is 44 cents. That’s after it rose 4.3% over the prior 24-hour period as of Wednesday morning.
There’s even more market news traders will want to keep in mind on Wednesday!
Luckily, we’ve got all of that news ready to go with our latest coverage for today! A few examples include price predictions for Axie Infinity (AXS-USD), as well as the most recent news for Mullen Automotive (NASDAQ:MULN) investors and more. All of that is ready to go at the links below!
More Wednesday Stock Market News
- Axie Infinity Price Predictions: Where Will Apple Take the AXS Crypto?
- MULN Stock Alert: Mullen Will Start Class 3 Production in July
- FDIC Dumps NYCB Stock After Signature Deal
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
