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Elon Musk faces potential expulsion from the Royal Society, a prestigious scientific institution, following accusations of breaching its code of conduct. Over 2,700 scientists signed an open letter criticizing Musk for promoting conspiracy theories and attacking public figures, prompting a meeting to discuss his behavior. The society, which has not expelled a member in over 150 years, risks political backlash amid ongoing debates about scientific integrity and public discourse.
Evidence suggests that the US stock market is in bubble territory, with the S&P 500 index potentially facing a significant drop. Analysts warn that a correction could lead to considerable pain for investors, while a deeper crash raises uncertainty about recovery. Current market exuberance echoes past bubbles, highlighting the risks of irrational investment behavior.
The possibility of XRP reaching $1,200 has sparked debate, with some analysts drawing parallels to Bitcoin's historic price surge. However, critics highlight XRP's significantly larger supply of 100 billion coins, which would require an unrealistic market capitalization of $120 trillion to achieve that price. This contrasts sharply with Bitcoin's market cap during its rise, raising doubts about XRP's potential for similar growth.
XRP is showing signs of a potential surge, currently trading at $2.21 with a nearly 5% gain in the past 24 hours. Analysts are optimistic, citing the Bollinger Bands indicating a possible 490% price increase, potentially reaching an all-time high of $10.82, while some predict even higher gains if historical patterns hold. The outlook is further bolstered by anticipated regulatory changes under the incoming Trump administration, which may resolve ongoing legal issues affecting Ripple Labs and the SEC.
XRP's recent price drop to $2.33 may reverse due to the upcoming launch of Ripple's RLUSD stablecoin, potential XRP-backed ETF approvals, and a favorable resolution in its ongoing SEC case. Analysts predict XRP could soar to $35 by 2025, driven by increased institutional interest and a bullish market trend.
Stephen Curry
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