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Ripple/XRP at $5 in 2022? – It now seems possible!

 


The XRP token from the payment network Ripple has risen massively in the last few days. After months of difficulties, the price of the token now seems to be adjusting to Ripple's success and potential. Can Ripple/XRP still hit $5 in 2022?


Ripple / XRP with a successful February 2022 so far

The price of the XRP token from the payment network Ripple has risen massively in February so far. Of course, the XRP primarily benefited from the bullish market situation , in which the Bitcoin has risen by double-digit percentages since the beginning of the month. 


However, Ripple’s XRP was one of the most successful tokens in the entire market in February 2022. In the last 7 days, the XRP token has risen by a whopping 47 percent and is only surpassed by the meme coin Shiba Inu in the top 50 at Coinmarketcap.


SEC litigation with increasingly positive signs

The legal dispute with the American stock exchange supervisory authority SEC has been making the headlines at Ripple for months, which will continue into 2022. However, the signs for the process for Ripple Labs are becoming more and more positive. 



In the past few days, Ripple has received permission to present exculpatory documents in the case. This fact alone caused the XRP course to grow massively. The decision in the lawsuit is expected to be made in April, but a delay cannot be ruled out. The outcome of the legal dispute will have extreme repercussions for Ripple in 2022 and in the years to come.


Can Ripple/XRP hit $5 in 2022?

In order for Ripple’s XRP token to reach $5 in 2022, a number of factors must come together. For one thing, the long-term bull market needs to continue in 2022. On the other hand, the legal dispute with the SEC must ultimately have a positive outcome.


But the potential is definitely there. Already in the 2017/2018 bull market, the price of the XRP token rose to over 3 dollars. Therefore, a price of 5 dollars for Ripple / XRP in the current year 2022 is quite possible.

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