The whole crypto space is riding high on optimistic euphoria! Most all cryptocurrency experts are guessing XRP, Ethereum and Bitcoin prices will shoot up within the next few months. XRP price is on course to achieve a major upswing between July and September. At the same time, Ethereum’s technical indicators are flashing signals of an imminent price explosion. Bitcoin, the largest cryptocurrency by market value, is on track to reach $110,000, according to analysts’ forecasts. Ledger, one of the largest providers of hardware wallets, is taking a beating. Their plan to encourage users to upgrade to newer models has led to a contentious argument in the crypto community.

XRP Primed for Summer Surge

XRP, the cryptocurrency associated with the discreet payment network Ripple Labs, could soar as much as 3,000% by July through September. Market analysts point to a number of reasons for this increase. They cite the accelerating adoption of Ripple’s cross-border payment solutions and positive regulatory developments as the two biggest catalysts.

Investors are closely monitoring Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), with any favorable outcome likely to positively impact XRP's price. Naturally, excitement is building around these promising developments. Simultaneously, growing institutional appetite for XRP heightens bullish sentiment for the cryptocurrency’s price action over the next few months.

Ethereum's Golden Cross Signals Bullish Momentum

Ethereum ($ETH), the second-largest cryptocurrency by market cap is continuing to show strong technical patterns that could lead to an ETH price explosion. Speculators and market participants alike have begun paying attention to the establishment of a “Golden Cross.” This positive milestone occurs when a short-term moving average crosses above a long-term moving average.

This technical indicator is a bullish signal ETH price in the upcoming days. As daily development and adoption of decentralized applications (dApps) and decentralized finance (DeFi) protocols on the Ethereum network continues to skyrocket, so do these sunshine, positive vibes! Ethereum’s expected shift to a greener “proof-of-stake” consensus mechanism will increase Ethereum’s attractiveness. This modification will significantly increase the appeal to environmentally-concerned investors.

Bitcoin Eyes $110,000 Target

Bitcoin (BTC), the first cryptocurrency, could still go up to $110,000. This number comes from a few important drivers. With institutional adoption and limited supply, many are choosing it as their store of value during this chaotic global economic landscape.

Several prominent companies have added Bitcoin to their balance sheets, signaling a growing acceptance of the cryptocurrency as a legitimate asset class. The next Bitcoin halving event will cut in half the number of new Bitcoins created per event. This significant decrease in supply, as the impact of the pandemic continues to unfold, is expected to push prices of housing up.

Ledger's Upgrade Strategy Sparks Controversy

Ledger, the leading supplier of hardware wallets for holding cryptocurrencies, is facing an intense backlash. Critics have been disapproving of its apparent tactics to push users to upgrade on to newer models such as Nano X or Flex. This plan aims to drive consumers to adopt newer generations by phasing out support for previous models. In doing so, these users can remain current with the latest software and security updates.

This move has drawn ire from various factions of the crypto community. They say it moves further from the foundational tenets of what should qualify as a hardware wallet. open up @0xtacolauncher, one of the loudest early voices on crypto twitter, raised alarm. He argued that Ledger’s move violates the core ethical tenets of a hardware wallet. Hardware wallets are one of the most secure ways to store digital assets long term. The reality is that many are deeply skeptical about the company’s commitment to protecting users’ long-term security and autonomy from planned obsolescence.