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Is XRP unstoppable after a possible acquittal?

 


What is XRP?

The XRP is the token of the payment network Ripple. Ripple is an international payment network based on the blockchain. It aims to make international payment transactions more cost-effective and efficient. The main aim is to make payment transactions between different payment areas easier. 


The network token within Ripple is the XRP. The Ripple network is not completely decentralized, as the company Ripple Labs holds the majority of the XRP tokens. In recent years, Ripple has become a network that many banks and financial companies use to optimize their payment transactions.


How has the XRP price moved in recent months?

In the last bull market, the XRP token could not reach the prices that the XRP token reached in the previous bull market in 2017. In 2021, the XRP price peaked strongly in spring and then again in September and November. At the beginning of November, the token was still trading at over $1.28. Then the bear market set in.

In the following months, the XRP price fell sharply due to the onset of the bear market. At the turn of the year, the rate was only $0.86. In June, the XRP price then fell to a value of 0.30 dollars. In the weeks that followed, the price of the token recovered slightly. 


How has the price moved in recent weeks?

In the last few weeks, the price of the token has increased slightly again. But this increase was much lower than, for example, the increase in the Ethereum token. We have discussed the reasons for the price explosion in Ethereum in this article . But even compared to other cryptocurrencies, the increase in XRP was not that big.


Nevertheless, among the most valuable cryptocurrencies at the moment, XRP is still stable in the top 10 by market capitalization (6th place). However, we must note that the token was partly number 2 behind Bitcoin in the last bull market in 2017. Still, XRP is holding up well in the current bear market. 


Can Ripple benefit from the resolution of the legal dispute?

At the moment, the long-lasting legal dispute with the American stock exchange supervisory authority SEC is still over the Ripple project and thus also over the XRP token. You can learn more about the process in this article . The litigation has severely held back the token’s potential over the past few years and has prevented XRP from reaching higher prices.


At the moment, most signs point to Ripple winning the litigation or a good settlement in Ripple’s favor with the SEC. Until this agreement is reached, the token remains a sleeping giant. 


Litigation SEC

The solution to the legal dispute has been dragging on for months now, as these legal processes are always dragging on despite an increasingly clear situation for Ripple. But should the solution officially come, which is very likely in 2022, then XRP could actually see a massive price increase. The current bullish situation in the market should help the price to rise massively.


Is it worth investing in the token now?

An investment in the XRP token is now worthwhile for the future. The potential of the payment network Ripple and thus the price potential of its token is huge for the medium and long term. After the legal battle comes to an end, the price should rise massively.


Even if the bear market continues for a few more months or even 1-2 years, the XRP should see strong gains again for the next bull market. Until then, you should use the low price to buy the token cheaply in large quantities.

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