XRP Influencer Predicts $5 Price Target Despite Current Low

Crypto influencer John Squire has made a bold prediction that XRP will hit $5 by October, despite currently trading at around $1.00.

This comes after XRP dropped to its lowest price in a year on August 11, reaching $0.9889.

Squire gave three reasons for his prediction: adoption, institutional interest, and global finance.

However, analysis suggests that two of these reasons may not be as strong as Squire claims. Institutional interest has been declining, with XRP ETF inflows dropping by over 96% since launch.

Meanwhile, Ripple's licensing efforts have improved, but this has not yet translated to increased demand for XRP itself.