Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say?

Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries.

According to a May 7 announcement, the new feature will allow the platform's clients "to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works."

The product's technical page shows that the new account feature will support Circle's USDC and Bridge's USDB (USDB) stablecoins. Stripe acquired the Bridge platform in October 2024.

The product will be available to clients in more than 100 countries, including Argentina, Chilé, Turkey, Colombia, and Peru, among others.

Stripe's newly launched product comes at a time when stablecoins are increasingly seen as stores of value in developing economies struggling with high inflation, capital controls, and a lack of financial infrastructure.

XRP has been resting at the $2 level, but indications of movement are increasing. One crypto analyst by the name of “J4b1” recently stated that purchasing XRP at $2.20 is not too late. In fact, he thinks that it may be the perfect time, just before things change dramatically. His assertions are founded on historical price action, Ripple’s current strategy, and what institutions may do next.

XRP Price Kept Stable By Ripple’s Monthly Activity

Ripple’s dominance over XRP’s supply is an important aspect of J4b1’s argument. Every month, the firm releases 1 billion XRP from escrow but sells only a fraction of it. The remaining amount is put back into escrow. These sales tend to occur via over-the-counter (OTC) channels rather than open markets. In the analyst’s view, this practice prevents Ripple from experiencing sharp price fluctuations.

ViennaUP 2025, lasting from May 8 to 16, is a key event for the Bitpanda Ecosystem. This festival celebrates entrepreneurship and innovation, potentially driving attention to related crypto assets. If Bitpanda announces partnerships or tech advancements, it could boost investor confidence and prices. Market volatility often follows such announcements. However, if no significant news is shared or no traction is gained, the event may not impact asset prices noticeably. Regular updates during the week-long festival could shift momentum. For more information, visit:source.

Solana Name Service's 'The Kitchen' event on May 8 could be a catalyst for price change. The event promises new information on $SNS, presented by their CEO. Such announcements can affect price if they include significant product updates or strategic moves. Investors often react to unexpected and positive alpha, driving demand for the asset. However, if no major news is revealed, the event might not impact the price. It's important to tune in to find out what could unfold. For more, see the event details:source.

The 'Trendsetting AI & Web3' event at 4 PM UTC could spark interest in the Artificial Superintelligence Alliance and GT Protocol. It focuses on important updates from TOKEN2049 and the Fetch.ai Global Hackathon. Events like these can move prices if they reveal noteworthy advancements or partnerships in AI and blockchain. As sectors like AI and Web3 grow, any positive news could bring increased adoption and investor interest. However, if updates do not deliver as expected, the price may not change much. More details on the discussion:source.

Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities.

According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks.

Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become partners in the project. Tokenization is the process of turning real-world assets, like stocks, real estate, or commodities, into digital tokens that can be traded on a blockchain.

Tokenizing securities instead of providing direct exposure can offer several advantages: reduced costs by eliminating traditional financial infrastructure, enhanced accessibility, faster settlement times, and quicker transactions. More brokerages and investment firms are exploring asset tokenization.

Robinhood has been preparing to enter the European market. In April 2025, it acquired a brokerage license in Lithuania that allows the firm to offer investment services throughout the European Union. Robinhood has also inked a deal in 2024 to purchase crypto exchange Bitstamp.

“You can sit down in front of some software, create a coin and have it be trading in 5 minutes [...] That’s a scary thing,” Robinhood CEO Vladimir Tenev said in a recent interview. “It’s also an incredibly powerful thing if you juxtapose it with how cumbersome the IPO process is.”

Robinhood shares rose 2.7% on the Nasdaq on May 7, according to Google Finance. The company’s revenue fell 8.6% in the first quarter of 2025, though it still beat Wall Street’s estimates.