Can XRP (Ripple) Hit $5 Since the SEC Dropped Its Lawsuit?
Ripple is the technology company that developed XRP (CRYPTO: XRP), the digital currency native to the XRP Ledger. Ripple uses that blockchain platform to offer cross-border payment solutions to banks and other financial institutions like merchant services providers.Ripple CEO Brad Garlinghouse recently gave XRP holders some long-awaited good news: The Securities and Exchange Commission (SEC) has dropped its lawsuit against the company. XRP has advanced more than 10% since the announcement, but some investors think the next stop is $5. That implies more than 100% upside from its current price of $2.45.Is that realistic?Continue reading
Ripple is the technology company that developed XRP (CRYPTO: XRP), the digital currency native to the XRP Ledger. Ripple uses that blockchain platform to offer cross-border payment solutions to banks and other financial institutions like merchant services providers.
Ripple CEO Brad Garlinghouse recently gave XRP holders some long-awaited good news: The Securities and Exchange Commission (SEC) has dropped its lawsuit against the company. XRP has advanced more than 10% since the announcement, but some investors think the next stop is $5. That implies more than 100% upside from its current price of $2.45.
Is that realistic?
