Is Xrp A Buy Or Not

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Is Xrp A Buy Or Not

Is Xrp A Buy Or Not?

Now that the legal troubles for XRP are over, is it the right time to buy or not? That's the question that is on every crypto investor's mind.

Before we look at that, it's essential to understand that crypto remains a highly volatile asset class. So, for those who like to see constant action, crypto is the ideal playground as there is never a dull moment.

Ripple'S Legal Troubles Are Over

Out of all the popular crypto projects, one name that is worthy of standing beside BTC and ETH is XRP. Developed by Ripple Labs, it is among those projects that have an actual use-case scenario in the real world.

Recently, Ripple finally received some good news regarding the legal trouble with the SEC. As a result, a 12% jump was seen in the XRP price, but the coin eventually gave away some of these gains.

quick look at the last few years shows that Ripple struggled with its legal troubles with the SEC. The SEC alleged that the firm sold the XRP token without registering it as a security.

Long story short, the legal battle is now over, which means the path ahead is now clear for the XRP. For now, XRP is trading above $2.00 support, which is way too low when compared with Bitcoin's price of $80K+.

The market cap of XRP is around $139 billion, which makes it more valuable than Intel, Shopify, and other tech firms.

Despite all of the good news, the penetration of XRP in the global payments market is still not that high. Also, the recent win doesn't automatically mean that XRP will now easily tap into new markets.

Overall, XRP looks like a really good option to buy due to its real-world use cases. Without legal trouble out of the way, there's no reason to avoid XRP if you are already exposed to the crypto market.

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