Can XRP Reach $1?
For investors willing to take a chance on a high-risk, high-reward crypto priced under $1, one of the best options is XRP (CRYPTO: XRP). Currently ranked fifth among all cryptos with a market capitalization of $33 billion, XRP is up more than 80% for the year.
Even with its recent sizzling performance, though, XRP still trades for the bargain basement price of just $0.62. Can XRP nearly double in value and decisively break through the $1 mark? Let's take a closer look.
First, we need to talk about the elephant in the room: the long-running courtroom drama involving XRP and the SEC. Since December 2020, the SEC has been attempting to classify XRP as an unregistered security. That's why many crypto investors have been patiently holding onto their XRP, awaiting a final resolution to this drama. The thinking here is that if XRP finally wins its legal case outright, it could double, triple, or even quadruple in value. Some super-bullish predictions have XRP skyrocketing to $10.
Source Fool.com
