Experts says Ripple’s XRP may show very bullish signs before the end of this year but also have chances to touch bottom at $0.5.
Ripple is a San Francisco-based Fintech firm. At present, Ripple firm is under legal hurdles because of the lawsuit filed by the US Securities and Exchange Commission (SEC). According to the SEC agency, Ripple’s XRP token is a security, which is unregistered with the SEC agency.
Recently Finder, a comparison website, reported that experts of 36 Fintech firms analyzed XRP tokens by taking the reference of Ripple vs SEC case and noted that XRP will show a bullish pump and may touch $2.55 before this year, whether Ripple will win the case or settle with the SEC agency.
On the other hand, if Ripple fails to win the case badly then in that situation its XRP token may not have a price more than $0.68.
On the other hand, Carol Alexander, a Professor of Finance at the University of Sussex, shared her stance on the XRP token and claimed that XRP could touch $2.5 in win situations, otherwise it will face correction significantly and touch $0.5 in the case of loser situation.
“It is not like any other crypto. If it wins vs SEC it *will* start to replace SWIFT.”
14 panelists, who claim that XRP may hit $3.61 in 2025 and $4.98 in 2030, are still strong with their prediction but 5 out of 14 panelists still believe that XRP will trade at a price range of $1 this year.
Keegan Francis, the editor at Finder’s global cryptocurrency, claimed that the XRP token will be traded at $0.5 in 2025 and only $0.1 by the end of 2030.
Francis explained:
“I think Ripple will eventually fail as a project. Other projects will simply outcompete it in the marketplace by doing everything XRP/Ripple does better by a significant factor,”
Read also: Terra UST failing with its Bitcoin reserve fund: UST & Luna crash
Fintech expert says XRP may hit $2.55 this year
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