XRP is the sixth-largest cryptocurrency by market capitalization and has been on a roller coaster ride in the past year. With its price going up and down, many investors are wondering what the XRP price prediction will be and if can it reach the $5 mark this year.
In this article, we will look at the factors that could affect XRP’s price and make a prediction of whether it can reach $5 or not.
Ripple’s lawsuit with the SEC has been a source of uncertainty for XRP holders. CEO Brad Garlinghouse is optimistic that a resolution could be determined this year or early 2023. Despite the lawsuit and the bear market, XRP, Ripple’s native token, has been attempting to remain strong.
Despite seeing fluctuations in XRP price, large crypto investors (aka whales) are still interested in XRP tokens.