 Ripple's native token, XRPE, has performed quite well throughout the ongoing year, with its price jumping almost 80% since January 1st. Its impressive rally could be attributed to the company's partial legal victories against the United States Securities and Exchange Commission, SEC, and the overall revival of the entire cryptocurrency sector. The asset seems to have lost steam lately, consolidating around the 50 cents level, Numerous analysts believe XRPE still has some gas left in the tank for a final push before the end of 2023. One of the top five cryptocurrencies by global market cap XRPE curated a cyclone of speculations following a substantial whale activity on Monday. The whale transfer, dumping coins to a centralized exchange, caught noteworthy attention among crypto market fanatics as it came forth amid a significant price drop noted by the token. Moreover, a renowned crypto analyst shared his sentiments on the matter, stressing the token's future to be bearish. In his statement, the analyst further enlightens how traders should potentially stay away from assets like XRPE further cracking down on its downward trajectory today. The XRPE price marked a decrease of 5% in the past 24 hours and is currently trading at 58 cents. Furthermore the token also recorded a fall of 6% over the past week, aligning with the bearish market thoughts for the token. However, the token's 24 hour trading volume noted a significant upsurge, rising 76% resting at $1 billion. Besides, aligning with the recent price drop noted by the token, crypto analyst 24HR's crypto spotlighted the token's bearish movements over the past few days. In his statement, the analyst stresses caution orbiting investments in XRPE while also discouraging traders who eye the token. He further claims that the token will continue to portray similar downward trajectories in the near future as denoted by XRPE's drop today. Yassin Mubarak, founder of Deiser Capital, has sparked intense discussion with his tweets about the potential of an XRPE spot exchange traded fund, ETF. On Wall Street, the idea, coming amidst a shifting landscape in the digital currency world, proposes a bold new direction for institutional investors. Mubarak pointed out the substantial pent-up demand among institutions for a regulated XRPE position. This was particularly evident when a false claim about BlackRock filing for an XRPE spot, ETF, caused XRPE's price to spike from $0.665 to over $0.73 in under half an hour. This incident underscores the market's readiness and eagerness for such an investment vehicle. In contrast to Bitcoin and Ethereum, no institution has yet filed for an XRPE spot ETF. This leaves an open field for potential market leaders, with the first mover having a considerable strategic advantage. The anticipation of who will take this pioneering step is creating a buzz in investment circles. A significant aspect of Mubarak's proposal involves challenging the US Securities and Exchange Commission, SEC. The recent court ruling, which clarified that XRPE is not a security, sets a fascinating stage for this challenge. The founder of Deiser Capital urges well-capitalized funds to dare the SEC to deny an application for an XRPE ETF, potentially leading to a landmark legal battle. Mubarak also touched upon the compelling risk-to-reward ratio of an XRPE spot ETF. He suggested that the SEC might avoid additional legal confrontations, possibly leading to the approval of an XRPE ETF. This development could have far-reaching implications for the market. The approval of an XRPE spot ETF could trigger a significant market reaction. Mubarak envisions an avalanche and a snowball effect in the cryptocurrency sector, indicating a rapid and expansive growth phase that could redefine investment strategies and market dynamics in the digital currency space. In summary, the prospect of an XRPE spot ETF is not only a testament to the evolving nature of cryptocurrency investments, but also a potential game-changer for Wall Street. As the crypto world watches closely, the decision to file for such an ETF could mark a pivotal moment in the history of digital currency investment. While the XRPE community members remain very optimistic that the XRPE price will cross $10 in the next few years, with a number of crypto analysts presenting chart data to support this, changely does not believe that this will happen anytime soon. In fact, for the next couple of years, the crypto exchange expects a lot of growth, but double digits is seemingly off the table. By 2024, the crypto exchange predicts that the XRPE price will reach a max price of $1.11, but still expects it to stay relatively high with a minimum price of around $0.94. In the next few years, the growth is expected to continue, rising to as high as $5 in 2028. However, for the XRPE price to reach $10, investors would still have to wait another extra two years according to the report. In 2029, it predicts a maximum price of $8.07, and then finally in 2030, changely expects the price to beat the coveted $10 mark. Moving further from 2030, expectations are that the price will not fall below $10 again. Rather, it is expected to double in the next two years, hitting as high as $24.95 by the year 2032, which is nine years from now. The highest point expected for the XRPE price puts it at only a 35% increase from the current price of $0.59 at the time of writing. The expectation given is that the highest price point would come at $0.80. Changely's prediction seems to be a deviation from the norm, where a number of predictions expect the XRPE price to hit the high prices in the next two years. One crypto analyst, known as eGrag Crypto, expects the price of the altcoins to reach $5.50. Interestingly, the analyst expects the price to hit this price in the next two weeks. Another analyst known as Austin Hilton has also predicted that the XRPE price will reach $1.50 once the SEC approves the spot Bitcoin ETFs. According to Bloomberg analysts, these funds could be approved in January 2024, which means the XRPE price could reach $1.50 in a month. Thanks for watching. Please don't forget to subscribe for more updates.