Don't Buy XRP Until This Happens
XRP (CRYPTO: XRP), the native cryptocurrency of the XRP Ledger, reached its multi-year high of $3.65 last July. But as of this writing, it trades at about $1.40 per token. That pullback might seem like a buying opportunity, but I wouldn't touch XRP until one major thing happens.
XRP's price rose on three major catalysts last year. First, the Securities and Exchange Commission's (SEC) lawsuit against Ripple, the fintech company whose founders created XRP, finally ended with a lighter-than-expected fine. The conclusion of that legal battle, which began in 2020 after the SEC accused Ripple of selling XRP as unlicensed securities, prompted major cryptocurrency exchanges to relist XRP.
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Source Fool.com
