Can XRP (Ripple) Reach $5 in 2023?
It has been almost a year since I wondered aloud whether the XRP (CRYPTO: XRP) token, commonly known as Ripple, could reach the $5 price point in 2022. This turned out to be one of my most popular articles of the year, so I think it's time to circle back and take a fresh look at Ripple.
The review from last January found that Ripple very well could reach $5 per token, but not quickly. There were too many roadblocks ahead, dominated by the lawsuit filed by the Securities and Exchange Commission in 2020. The legal wheels often grind slowly, and this lawsuit is no exception.
As a result, Ripple's prices trended downward all year long under the weight of macroeconomic concerns and the uncertainty of the SEC's suit. The XRP token has taken a 56% haircut year to date. In other words, my guidance has been on target so far.
Source Fool.com
