First, the risk of a selloff — either due to it pulling back from being overheated or to an unexpected, bad outcome from the court case. Of course, I’ll make a point later as to why the chance of a “sell the news” pullback is slim. However, the risk of declines on a bad ruling remains high.
What’s more, now there’s talk of said developer going public once the litigation wraps up. All told, plenty remains in play to support a move higher for XRP.
Even so, don’t take that to mean this is a crypto to steer clear of. With more pointing to another massive rip rather than a cratering, Ripple remains a high-risk but potentially high-return opportunity for seasoned investors.
So, does that mean you should dive in now, even as this crypto pick remains near its 52-week high? Yes, but don’t go too crazy here. Ripple may have ample room to build onto its recent gains, but there are a few things you should look out for before buying.
Is Ripple (CCC:XRP-USD) about to peak in price? Not so fast — not even last month’s “flash crash” could keep this crypto comeback kid down for long. Indeed, it continues to look like Ripple is going to come out on top with regards to the recent U.S. Securities and Exchange Commission (SEC) lawsuit against its developer, Ripple Labs.