Positive mood on digital currency Ripple
Ripple is expected to rise given the positive mood. Read here why and what you can possibly expect.
The positive mood was measured by the product comparison platform finder․com. A forecast report was released on the price prediction that 36 fintech specialists participated in. According to findings from the participating panelists, Ripple could rise to $2.55 per unit by December 2022. However, the forecast is contingent on Ripple Labs winning or settling its lawsuit with the US Securities and Exchange Commission (SEC).
Positive mood Ripple
This week, the product comparison platform published a study on the future value of the Ripple coin (XRP), and the report’s authors, Tim Falk and Richard Laycock, note that after discussing the topic with 36 experts, the price of XRP could reach $2.55 in December 2022.
According to the panel’s predictions, XRP could be worth $3.61 in 2025 and $4.98 by 2030. About 23% of experts said it was time to buy Ripple, 45% said people should hold and 32% of 36 participants said people should sell the coin. However, many of the predictions depend entirely on whether Ripple Labs settles or wins the case with the US SEC. The study participants said that if Ripple Labs loses the lawsuit, XRP could trade hands for $0.68 per unit by December 2022.
Win or lose
Carol Alexander, a professor of finance at the University of Sussex, explained that if Ripple wins, the token could reach $2.50. But if the company loses, XRP will reach $0.50. “It’s not like any other cryptocurrency,” said the professor. The currency is therefore very dependent on this lawsuit. Many people take a gamble because of this and think that Ripple will win.
