Can XRP Reach $1?
XRP (CRYPTO: XRP) appears to be on the verge of a major breakout. A big legal victory this summer in the crypto token's long-running court case against the Securities and Exchange Commission (SEC) has galvanized new optimism about where XRP could be headed next. For the year, XRP is now up 50%.
But getting to the $1 mark might be more challenging than it seems. XRP has given up nearly all of its gains from this summer and is back to trading near the $0.50 level. With that in mind, here's a closer look at two catalysts that could help XRP double in value and reach the $1 mark.
The conventional wisdom among XRP bulls is that Ripple, the company behind the XRP crypto token, is close to winning its court case against the SEC, and everything from here on out is just a formality. Ripple even hosted a victory party in New York City at the end of September to celebrate its big legal win. From this perspective, Ripple is like the football team that is just seconds away from victory, and everybody in the stadium knows the quarterback is just going to take a knee and run out the clock.
Source Fool.com
