XRP is stirring up speculation on the crypto market, with a top trader suggesting it could reach $1 — a level not seen since Nov 2021
Ripple is currently embroiled in a high-profile lawsuit with the U.S. Securities and Exchange Commission over the classification of XRP as a security. This has injected uncertainty into the XRP token's future.
However, Ripple CEO Brad Garlinghouse recently hinted at a possible resolution in upcoming weeks, a development that could potentially clear regulatory uncertainties and lead to increased adoption of XRP. The potential positive outcome in the SEC lawsuit could significantly propel the XRP price, a sentiment echoed by XRP-friendly lawyer John Deaton.
Deaton recently tweeted that"FOMO" will not likely kick in until $2. Should these predictions come to fruition, we could see a new wave of interest in XRP in the coming weeks and months. Despite this potential optimism, it is important to note that XRP is still down 84% from its record high of $3.40 set back in January 2018.
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