Is it too late to buy XRP Experts in Cryptology Give Their Predictions on XRP’s Price
Things are not looking great for XRP. Technically speaking, things are not looking good for XRP. Ripple’s lawsuit against the US Securities and Exchange Commission alleging that the global crypto payments company sold XRP as unregistered securities, is still ongoing. No one knows what will happen. The case’s judge is expected to rule by the end this quarter on whether or not the case goes to trial. XRP bulls hope that Ripple will be able force the SEC to settle.
Concerning XRP’s technicals: The cryptocurrency’s continued slump since January’s yearly highs of $0.43 is raising the possibility of a retest at 2022 lows of $0.30. The XRP/USD exchange rate was at its lowest point in the mid-$0.36s. On Monday, it fell by more than 2.0%, bringing the month’s losses to just shy of 10%. Therefore, price predictions are becoming less optimistic.
XRP is declining in tandem with the wider cryptocurrency market. This is due to concerns about the XRP. The latest regulatory enforcement actions taken by the SEC Paxos, a stablecoin issued by the USD, is not to be considered. Since September last year, the upside of cryptocurrency has been limited by a downtrend. It has bottomed twice in the $0.30 zone. It seems like a repeat of the past is possible.
Experts in Cryptology Predict XRP’s Price
According to Finder.com’s December survey, the average XRP price prediction from 55 fintech experts shows that XRP will reach $3.81 by 2025 if Ripple wins its lawsuit against SEC (i.e. The judge dismisses Ripple’s case. Ripple may win a settlement. According to the average price prediction made by panel members, Ripple will reach just below $1.0 by 2025 if it achieves a negative outcome.
Craig Cobb from Tradercobb.com, one of the experts surveyed for Finder.com said that “the crypto market loves jumping on a bandwagon” and that XRP winning in a bear market would likely lead to a herd mentality, which will boost the price of this top-10 coin. The panel was divided on whether it is a good idea to buy XRP, sell it or hold it.
27% of respondents said that XRP was a buy, 38% held it and 36% said it was a sell. Finder.com quoted Martin Froehler (CEO at Morpher) as saying that if Ripple wins it would be a major win for the whole crypto industry. Froehler made one of the more optimistic price predictions in the survey, predicting $5 per year by 2025 if Ripple wins against the SEC.
Is it too late to buy XRP
It’s never a good idea to ask whether it is too late for an asset to be purchased. The answer is never. It is the right question to ask whether an asset should or shouldn’t be purchased. It all depends on how the investor views its long-term performance.
Based on your research, XRP is worth purchasing if you believe it will rise in price significantly in the next few years. If so, you should stay away.
Get LUNC Now
Take into account XRP alternatives
As we have already discussed, XRP’s near term outlook is uncertain. For traders looking to make quick profits, it may be worth considering other high-potential tokens such as those that are being sold in presale and promising future crypto projects. The following list contains the top 15 most popular cryptocurrencies in 2023. We have reviewed the best candidates. CryptoNews Industry Talk team.
This list is updated every week with new altcoins or ICO projects.
Disclaimer: The Industry Talk section contains insights from crypto industry players, and is not part of Cryptonews.com’s editorial content.