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XRP at $ 100? - 3 reasons Ripple could explode in 2022



With its XRP token, the payment network Ripple has launched one of the most successful and popular cryptocurrencies ever. But the XRP token showed a rather average performance in 2021. Ripple could start again in 2022 and the XRP token could even reach 100 dollars. We present 3 reasons that give rise to hope.

Ripple in 2022 - 1st lawsuit with SEC nearing the end

The legal dispute with the US stock exchange regulator SEC has been burdening the company Ripple Labs and especially the price of the XRP token for many months. This rose to over $ 3.30 in the 2017 bull market and is now only $ 0.83. Even in the bullish weeks in early November, it only rose to $ 1.28. In April it was still at its peak at about $ 1.80.

Probably no cryptocurrency is burdened as much by a single process as the XRP from the Ripple legal dispute against the SEC. However, 2022 could start with extremely good news for Ripple. An end to the legal dispute is likely to be imminent. According to consistent reports, Ripple Labs is also expected to get off pretty lightly. That could give the XRP an extreme boost, especially in an overall bullish market.

Ripple network is growing steadily towards 2022

Although the year 2021 was not as successful for the course of the XRP compared to many other tokens, that does not change the amazing growth of the Ripple ecosystem. Unlike many cryptocurrencies that advertise decentralization and independence, Ripple has been working with large banks and other financial institutions for years.

The Ripple partner network continued to expand in 2021. Several hundred banks are already working with Ripple's payment system. The new major partners in 2021 include the largest Indian bank HDFC Bank Limited and the second-largest US bank, Bank of America. The growth of the network is in no way reflected in the price development of the XRP. That could change in 2022 as Ripple continues to grow strongly.

Regulations arguably helpful for XRP

We have already mentioned that Ripple works with established financial institutions. In contrast to small private investors, these institutions benefit very often from increased regulations on the financial market. In contrast, regulations were (temporarily) harmful to the prices of classic cryptocurrencies.

The regulatory pressure does not seem to be decreasing under the new US administration or by governments of other western countries. So far, cryptocurrencies have always been able to cope with regulatory pressure. But Ripple and the XRP token, in particular, could benefit from new rules more than classic decentralized cryptocurrencies. That makes the potential of XRP even bigger in the next year.

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