If someone could explain what is currently going on with XRP lately and why it is in the news so much?
As stated in the earlier reply XRP has a lawsuit filed against them but I think XRP will win that. I think the government just wanted to milk XRP on creating that case. Aside from that, I think XRP has a huge community. They have been around the market for several years now and they are one of the cryptocurrencies that have the cheapest and fastest transactions. Besides, I read that they keep on negotiating with banks for XRP usage.
The XRP price fell by 70% immediately after the suit was filed and has never been able to break its previous all-time high of $3. & Moreover, exchanges like Coinbase and Crypto.com suspended ripple trading, so holders couldn’t cash out. But according to the most crypto analyst XRP value for the long term holding, its price can go upto average 12$..
I would want to say no to the prediction but I think it is possible. Besides, since the XRP price is quite low at the moment, I think it is good to accumulate the token and hold it until the bull market in order to get a pretty good profit from it.