3 Super-Bullish Scenarios for How XRP Could Skyrocket in Value
For more than three years, XRP (CRYPTO: XRP) investors have been patiently waiting for the crypto token to skyrocket in value. For much of that time, XRP has traded below $1. At its current price of just $0.52, XRP is trading more than 85% below its all-time high of $3.84.
But 2024 could be the year that everything changes. At least, that's what the XRP bulls are saying right now. There are three catalysts that could send XRP higher this year. Let's take a closer look at each one.
The one catalyst that seems most likely is some form of settlement with the Securities and Exchange Commission (SEC) this year in an ongoing lawsuit involving Ripple, the company behind the XRP crypto token. The lawsuit has dragged on since December 2020, which is why there has been no sustained upward action in XRP's price for more than three years. The SEC is adamant that XRP is a security, not a cryptocurrency.
Source Fool.com
