XRP’s path to $1 seems plausible thanks to these reasons

ambcrypto.com:

The Ripple Labs left no stones unturned to stay true to the investors’ faith in them. Even though SEC vs. Ripple case reigns supreme, there are a couple of factors affecting XRP‘s price trajectory. Something that the XRP community had rejoiced extensively over the past weeks.

Sensing a possible XRP explosion, Ripple Labs took different steps to strengthen the very core of the platform. Firstly, the platform, on 17 March, announced Michael Warren’s addition to its board of directors. A former Senior Advisor in the White House during the Obama administration, Warren would bring decades of leadership in financial services, international business, and government policy.

Given the past experiences with regulatory clarity, this step would help Ripple expand its presence in global markets.

Michael will play a key role at Ripple as we continue to champion #regulatory clarity in the U.S. and expand our presence in global markets.

Learn more: https://t.co/5JL6fRthiq

— Ripple (@Ripple) March 16, 2022

Ripple’s CEO, Brad Garlinghouse saw this move as a way to deepen their ‘policy bench’. Further adding,

“At a time when Ripple looks toward its next phase following a record year of success in 2021, Michael’s unique expertise will be an invaluable resource guiding our next steps for accelerated company growth and broader adoption of Ripple’s offerings from customers around the world.”

Talking about developments, the said platform granted one billion of its XRP tokens as grants for developers “to create projects based on its payments-oriented distributed ledger.”

Overall, these developments would indeed act as a catalyst to trigger XRP’s price