3 Reasons Why XRP Could Skyrocket in Value
Through the first nine months of the year, XRP (CRYPTO: XRP) has been one of the top-performing cryptos, up more than 54%. Much of those gains can be attributed to a huge legal win that Ripple, the company behind the XRP crypto token, scored in July of this year in its long-running case against the SEC.
Based on this momentum, as well as rampant speculation about what could be next for XRP, some analysts are predicting a massive breakout in value. Some are even speculating that XRP could surge in value by over 750%. But just how likely is this breakout? If XRP is going to soar in value, three key things need to happen. Let's take a closer look.
First and most importantly, Ripple needs to wind up its court case with the SEC. Until there is a final settlement of some sort with the SEC, regulatory risk will continue to hang over the company. That will make it very difficult for it to move forward with new strategic initiatives related to its Ripple payment platform.
Source Fool.com
