Despite uncertain market conditions and the ongoing Ripple (XRP) litigation, the XRP community remains optimistic about the price of the cryptocurrency.

Valhil Capital CEO Jimmy Vallee made interesting predictions about the Ripple price in a statement. Jimmy Vallee updated the previous price prediction of $35,000 for the cryptocurrency, suggesting that he sees the $50,000 band as the new target. In addition to the interesting price prediction from Valhil Capital's CEO, a Twitter user nicknamed "Jon Good" said:

   “You all say it's not possible. Please research ISO20022 and the new payments ecosystem coming into our world. Jimmy Vallee simply argues that for XRP to be a cross-border payment token, it must be equivalent to the other cryptocurrencies it works with. If that's the case, XRP is a "If such a step is taken, market cap and bull/bear conditions will no longer matter for the cryptocurrency. I won't believe it until I see the prices mentioned on my extensive research in the new ecosystem, but I'm hopeful."

As Ripple's SEC litigation continues, the optimistic picture remains for the cryptocurrency after the increased XRPL usage situation. Also, Peersyst Technology recently announced that Colombia's first national land registry has been launched on the XRPL blockchain network. According to XRPL developer Wietse Wind, XRP Ledger now has a testnet offering smart contracts. In addition, XRPL Labs had announced that it had launched Hooks Testnet V2 a few months ago. It also introduced Hooks Builder, a web-based development environment that allows developers to create, test, deploy, trigger and debug Layer 1 smart contracts on the XRPL blockchain. The initiative came about as a result of work that began two years ago, according to a series of tweets released by XRPL Labs. The developed project is part of the goal of making the XRP Ledger compatible with smart contracts.