Is Ripple Still Worth to Invest in 2022? Price Forecast
XPR helps in the quick facilitation of forex conversion among various currencies.
Investing in a crypto coin is always tricky due to its high volatility. Ripple is one of the most exciting and trending coins out there.
Ripple has its transactions run on a consensus protocol that ensures the validity of the accounts and transaction history recorded in the system.
The US Securities & Exchange Commission (SEC) sued Ripple on December 22, 2020, for allegedly selling unregistered securities within the nation. The $1.3 billion lawsuit came as a shock to XRP holders and the community last year.
There is a high probability that the lawsuit will be concluded to next year, so here is what investors and traders can expect going forward.
If Ripple Wins, XRP price could see a massive boost and set a new record price higher.
"It got heavily discounted in the price, and then I looked at it and thought, ‘Well, what’s it going to do? Fall 100% from here to zero? But if it gets solved, it’s 10 times.’ And I’m like, ‘Well that’s a no-brainer.’ Why would you not take a 10-1 risk/reward that has a catalyst around it?" Paul, the former Head of European Hedge Fund Sales, said.
Over the past few days, Ripple (XRP) has been hovering inside a tight range, but now finally, there are some early signs it is about to attempt a breakout of this going range.
Besides, general price predictions suggest that XRP will touch US$1.62 in 2022, which would mean a doubling of its value compared to now.
To Read the detailed Analysis on Ripple Investment, Click Below