Is Ripple A Buy

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Is Ripple A Buy

Is Ripple (Xrp) A Buy Under $10?

The XRP is on the way up once again, thanks to the bull run in the BTC & other big coins. To put things into perspective, XRP has gained almost 30% within a span of one week.

In addition, the XRP is up by 60% compared to its price from last month. On a yearly basis, XRP is up by 500% which shows its stunning performance.

Ripple (Xrp) In Long-Term Uptrend

For now, the XRP is seen near $3.00 handle and is already sitting at ATHs. Given the rise in XRP, is it still worth buying it near the ATHs? According to several analysts, it is totally worth it to buy XRP as long as it is trading under $10.00.

One key reason why Ripple (XRP) is surging recently is because of the improved regulatory environment. The Donald Trump's government is more crypto friendly which has also helped XRP with its legal troubles.

If we look back, Ripple has been facing regulatory issues for years now. The biggest issue was the SEC lawsuit, which was eventually settled for just $50m a few months ago.

After the lawsuit was settled, one of the biggest jumps in Ripple (XRP) prices was seen. However, that was not always the case for the XRP, which struggled a lot in the past.

Another thing which has helped the XRP as of late is its partnership with several big banks around the world. This has allowed the Ripple team to expand its network and work towards widespread usage.

Given all of this, it makes sense to buy Ripple (XRP) as long as it's under the $10 level. To give you some perspective, the market cap of Ripple will reach $600 billion once it reaches $10.

Given how the technology of XRP is actually used to make cross-border payments easy, a market cap of $600 billion isn't that far-fetched at all.

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