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Ripple is All Set to Gain Good Benefits in 2022! But How?

Ripple is All Set to Gain Good Benefits in 2022! But How?
Written by publisher team

Experts expect Ripple to reach $3 if you follow certain criteria and stay on the green line

Although Ripple has had some very tough times in the past, it started 2021 on a positive note. Fortunately, the price of Ripple also increased from $0.21 to $1.8 in the first month of the year. Despite achieving 840% growth in a short period of time, XRP subsequently jumped into a downtrend. Within two months, Ripple posted a 70% drop. Currently, the price is oscillating between $0.70 and $1.3. But experts expect that $3 looks easy to get to Ripple if you follow certain criteria and it stays on the green line.

The year 2021 was full of bearish and bullish trends for the cryptocurrency market. However, for the majority of the time, Ripple has been in the red. While major cryptocurrencies like Bitcoin and Ethereum hit record prices last year, XRP has been struggling to keep pace. Fortunately, the cryptocurrency market as a whole has helped Ripple maintain its pace for a while. Constant updates to the NFTs, metaverse, and Web 3.0, and people’s huge interest in virtual tokens have kept XRP ablaze. Today, the price of Ripple undoubtedly depends on three main factors which are the outcome of the case of Ripple vs SEC, the growth of market adoption, and the price fluctuations of its peers. Although it is difficult to predict what will happen in the cryptocurrency market, experts believe that all is well for Ripple in 2022 and it will break its resistance this year.

How has XRP performed in 2020 and 2021?

XRP had a very volatile year in 2021. First, the price rose to $0.7872 in January 2021 to slip again and drop below $0.2108. However, it managed to break its own barriers and rose at $1,966 in April. Although these are not all-time highs, investors were happy that she was able to beat the odds. Unfortunately, their joy did not last long as XRP fell to the $0.50 levels.

The Ripple vs SEC lawsuit has contributed to the unprecedented volatility of the cryptocurrency over the past year. Ultimately, this led to investors selling their Ripple tokens. XRP had a tough time in the second half of 2021. By the end of the year, things got even more difficult as the price of Ripple fell further and maintained a moderate level later.

Looking ahead to 2021, we can still say that the value of XRP has been in high fluctuations for a long time. After the SEC filed a lawsuit against it, the cryptocurrency was hit hard by the unexpected move. Ripple price dropped to $0.1748 in December 2020 before climbing to a recovery phase in 2021. Prior to that, XRP price surged at $1.96 in April 2020.

Rippe this year

Experts anticipate a possible bullish trend in early 2022 as the Ripple price is already indicating a positive move to touch $1.36. Although XRP has been in a downtrend for some time towards the end of 2021, it picked up pace in December. Every time investors put up a test on the cryptocurrency, they beat it without much loss. Therefore, experts believe that the price of XRP could reach $3. If the outcome of the Ripple vs SEC case is in favor of XRP, it is expected to push the price even further.

Ripple vs SEC: What should we expect in 2022?

The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple Lab and two executives over raising $1.3 billion, which the agency claims was “through unregistered means and digital security offerings.” While the SEC classifies XRP as a security, in this case, it says that ETH is not a security in a different scenario.

The Ripple vs XRP case has come a long way since it was first launched in 2020. Although some hearings have been in favor of the SEC, crypto enthusiasts say the outcome is expected in Ripple’s favour. If XRP wins, it will be the first major victory for the decentralized broker against the central authority.

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