Ripple's Acquisitions Bolster XRP's Price Potential

Crypto analysts have been closely watching the performance of various altcoins, with some showing more promise than others. One such cryptocurrency is XRP, which has garnered significant attention in recent times due to its potential for long-term growth.

A key factor contributing to XRP's price appreciation is Ripple's strategic acquisitions. The company has completed over $3 billion worth of deals since 2017 to build institutional-grade infrastructure. These moves have created a stronger foundation for durable price appreciation in XRP, according to SMQKE.

SMQKE pointed out that XRP delivered nearly 350x returns between 2017 and 2018, outperforming Bitcoin's 14x gains during the same period. The pundit noted that this significant price increase occurred before Ripple completed any major institutional acquisitions, with XRP recording those gains solely due to early network momentum.

With a focus on expanding its use cases, SMQKE emphasized that news doesn't move prices and that utility does. This implies that as XRP continues to gain adoption and expand its network value, the price is likely to rise significantly in the long term. The pundit also highlighted the potential for XRP to be integrated into major payment systems such as SWIFT, FedNow, and DTCC.