Despite the recent cryptocurrency market crash, investors are still looking for opportunities to buy undervalued cryptos. This investment is definitely a long-term option, but the returns are expected to be massive. For Ripple company, this is exactly the case. From an SEC lawsuit that hit the core of the company, to the crypto market crash that erased more than 70% of the total market cap…it looks like the odds are not in XRP’s favor. On the other hand, investors are looking at this as a great buying opportunity. In fact, XRP prices are significantly cheap compared to their all-time high price back in 2017. In addition to that, XRP is one of the only tokens that did not reach its previous ATH price. Should you Buy XRP today?
Ripple company getting Ready to SETTLE?
There have been many talks about a settlement happening between Ripple company and the SEC. This would drop all charges against the company, making it resume its activities “guilt-free”. Also, this would draw investors back to their core XRP token, which is currently undervalued. In fact, we at Cryptoticker wrote in many previous articles about this potential settlement route, as other crypto companies went that same path.
When will Ripple company settle? This question is still unanswered, as there are many factors that come into play. Lawsuits and legal cases are very unpredictable in their nature, especially when there are big law firms behind Ripple trying not to tarnish the company’s reputation.
XRP Price Prediction – a MASSIVE comeback is on the Horizon
The current technical formation of XRP is currently creating a lot of attraction among traders and investors. Not only are prices consolidating at a strong support area, but prices are starting to pick up towards the 1$ price points, which is currently a price target for XRP. This means that buying at today’s current price of USD 0.66 would yield a whopping 51%. This alone should entice any trader to enter the market and buy XRP. Now, of course, professional traders manage their risk and place stop-losses so they limit their losses. For this specific case, a sensible stop-loss would be around USD 0.55.
You might also like
More from Ripple
Cryptocurrencies are now one of the most talked-about investments across the financial market. There is so much to learn and …