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XRP: Buy the Dip?

TheMotleyFool

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XRP (CRYPTO: XRP) investors are understandably concerned right now. Heading into the year, XRP was one of the hottest cryptocurrencies on the planet. But after hitting a 52-week high of $3.40 in mid-January, XRP is down 30%, and currently trades for just $2.35.

However, all is not lost. In fact, this could be a great time to buy the dip on XRP. There are three key catalysts that could propel XRP higher in the second half of the year.

On July 2, Ripple Labs, the company behind the XRP token, applied for a U.S. bank charter with the U.S. Office of the Comptroller of the Currency (OCC). If this banking application is approved, then Ripple would be able to operate as a federally regulated bank.

Source Fool.com

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