$XRP Will Pump
Ripple is on the precipice of winning the lawsuit brought by the SEC in the United States. I think most people now expect this to be a win for the crypto company. Ripple themselves are making moves that suggest they are expecting to win, and very soon.
What does that mean for the price of $XRP? Already we are seeing signs of it moving up as the FOMO starts to kick in. It already topped the gainers charts on several exchanges in the immediate past, and rightfully so.
The price of $XRP has been unfairly kept down by this court case and was prevented from reaching new ATHs with other cryptos in 2021. $XRP ATH of around $3.40 was achieved over six years ago! Most coins of it's caliber did not only make new all time highs, but have stayed above the previous one even in the bear market! In theory, the current "fair" price for $XRP should be above four dollars.
So, what does this mean? In my opinion, I think when the case is won outright, we may see a quick surge in price from around 5 cents to 4 dollars very quickly. It would be a reset of sorts. The market cap is already quite high though, at number 6 currently, so that will probably prevent it from doing crazy 10x or more, but I think a 4-8X is well in the horizon for $XRP.
Peace & Love,